The day's dominant story was the rejection of Iran's three-step proposal to reopen the Strait of Hormuz in exchange for ending the war and delaying nuclear talks. Trump expressed dissatisfaction in a White House meeting with his security team, and later stated that Iran had informed the US it was in a state of collapse. The US Treasury announced new sanctions on 35 entities involved in Iran's shadow banking. Russia defended Iran's right over the strait at the UN Security Council. Domestically, the internet blackout reached 60 days, with the judiciary defending asset seizures and the government promising internet normalization once conditions improve. Bloomberg warned Iran's oil storage capacity will be exhausted in 22 days.