Iran Offers To Reopen Strait Of Hormuz Within 7 Days If US Lifts Blockade, Eases Military Pressure

Iran has proposed reopening the Strait of Hormuz within seven days if the United States eases its military pressure and lifts the blockade, according to a senior Iranian official quoted by Reuters on Tuesday. The offer suggests Tehran is willing to resume negotiations with Washington amid escalating tensions in the region. The proposal has been relayed to the US through intermediaries and may be discussed further during the United Nations General Assembly in New York.

However, Iran has ruled out a meeting between Iranian President Masoud Pezeshkian and US President Donald Trump. The Iranian official indicated that progress could be made if Washington shows "seriousness and commitment." The conflict between Iran and the US has impacted energy markets and international shipping, particularly around the strategically important Strait of Hormuz.

Iran seeks an end to US military operations in the waterway and is prepared to reopen it in exchange for a resolution. The proposal comes as restrictions on Iranian ports have disrupted crude oil exports and maritime traffic through the Strait of Hormuz. Tehran initially outlined seven conditions for restarting talks, including the removal of the port blockade and the unfreezing of Iranian assets.

Oil prices fell below $99 a barrel following reports of Iran's potential reopening of the strategic waterway, easing concerns about potential disruptions to global crude supplies. Brent crude declined more than 3.5% from its daily high, while West Texas Intermediate (WTI) dropped 2.25%. The current offer is conditional on the US reducing military pressure and removing restrictions on Iranian ports.

The ongoing conflict in West Asia intensified after the US and Israel carried out coordinated strikes on Iran in late February, following the collapse of a US-Iran memorandum of understanding signed in June.