Trump discusses continuing blockade of Iranian ports for months

Mediators in Pakistan expect to receive a revised peace proposal from Iran within the next few days.

Here's the latest

• Defense hearing: US Defense Secretary Pete Hegseth slammed opposition to the Iran war during a congressional hearing today, describing lawmakers who criticize the effort as “the biggest adversary.” The hearing marks the first time he has testified since the conflict began and comes as the White House is seeking roughly $1.5 trillion for its defense budget.

• US blockade: US President Donald Trump and some of his top aides met with energy executives at the White House yesterday to discuss measures that could be taken to continue the blockade of Iranian ports for months, if needed, and how to limit the effects on consumers, White House officials told CNN.

• Peace talks: Pakistan could receive Iran’s revised peace proposal by Friday, sources say, as Trump responded to the current deadlock in peace talks by warning Iran “better get smart soon,” posting a mocked-up image of himself on his Truth Social platform holding a gun.

• Latest on economy: Oil and gas prices are rising again today amid ongoing concerns over the Strait of Hormuz, and Iran’s national currency has hit a record low against the US dollar.