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Suncor Energy Inc
Symbol SU
Shares Issued 1,184,187,031
Close 2026-04-27 C$ 87.91
Market Cap C$ 104,101,881,895
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NP/AP say Cenovus sees Iran offer to reopen the strait

2026-04-28 09:44 ET - In the News

See In the News (C-CVE) Cenovus Energy Inc

The National Post reports in its Tuesday edition that Iran has offered to end its chokehold on the Strait of Hormuz if the United States lifts its blockade on the country and ends the war in a proposal that would postpone talks on the Islamic Republic's nuclear program, two regional officials said Monday. An Associated Press dispatch to the Post reports that President Donald Trump seems unlikely to accept the offer, which was passed to the Americans by Pakistan and would leave unresolved the disagreements that led the U.S. and Israel to go to war on Feb. 28. With a fragile ceasefire in place, the U.S. and Iran are locked in a standoff over the strait. The U.S. blockade is designed to prevent Iran from selling its oil, depriving it of revenue while also potentially creating a situation where Tehran has to shut off production because it has nowhere to store oil. The strait's closing has put pressure on Mr. Trump, as oil and gasoline prices have skyrocketed before crucial midterm elections. The closing has also had far-reaching effects throughout the world economy, raising the price of fertilizer, food and other basic goods. The Iranian proposal would push talks on the country's nuclear program to a later date.

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