Iran Proposes Reopening Strait of Hormuz for U.S. Lifting Sanctions, Ending War

S. lifting its blockade on Iranian ports and ending the war that began on February 28, according to two regional officials. S. via Pakistan, would delay negotiations on Iran's nuclear program. S. envoys to Pakistan, though he stressed that Iran must not obtain nuclear weapons.

The strait, through which a fifth of the world's traded oil and gas passes in peacetime, remains blocked nearly two months into the conflict. Brent crude prices reached around $108 per barrel on Monday, up nearly 50% since the war started. The closure has stranded tankers in the Persian Gulf and raised global prices for fertilizer, food, and other goods.

S. and Iran, agreed upon on April 7, was indefinitely extended by Trump last week. Despite the truce, the two sides continue positioning, with the strait as a key leverage point. Iranian Foreign Minister Abbas Araghchi met Russian President Vladimir Putin in St.

Petersburg on Monday, where Putin praised Iran's fight for sovereignty and pledged Russian efforts for Middle East peace, according to Russian state news agency Tass. Araghchi visited Pakistan and Oman over the weekend, and spoke by phone with counterparts in Qatar and Saudi Arabia.

Iran seeks Oman's support for a toll mechanism on vessels passing the strait, one regional official said. Pakistan has mediated, but Trump opted for phone talks instead of in-person meetings, citing time concerns.

“They gave us a paper that should have been better. In Israel, 23 people have been killed, with additional deaths in Gulf Arab states. Military losses include 15 Israeli soldiers in Lebanon, 13 U.S. service members in the region, and six U.N. peacekeepers in southern Lebanon. Hezbollah has not joined U.S.-brokered talks.”

and Economic Impact German Chancellor

S. for entering the war without an exit strategy, noting Iran's negotiating strength. K. S. blockade but supports reopening the strait and preventing Iran's nuclear development. Secretary of State Marco Rubio dismissed the Iranian offer, saying it would require coordination with Iran for passage, which he called unacceptable for international waterways.

m. on Monday. S. blockade has stopped or turned around at least 38 ships, aiming to cut Iran's oil revenue and force production halts due to storage limits. S. S. Mars, Kazakh CPC Blend, and West African sweet crude.

“The problem with conflicts like these is always the same: It’s not just about getting in. Amrita Sen, director of research at Energy Aspects, stated at the FT Commodities Global Summit that oil flows through the strait may never return to pre-war levels. Trump noted on CNBC that large oil tankers are adapting to the changes in global supply chains. The conflict, involving U.S. envoys Jared Kushner, Steve Witkoff, and Vice President JD Vance in prior talks, has killed thousands and disrupted global energy dependencies. U.S. Navy Secretary John Phelan is leaving the administration, the Pentagon announced.”