Published 6 days ago • loading... • Updated 3 days ago
Oman and Iran Near Strait of Hormuz Deal, but Tehran Says US Must Act First
Iran says the route hinges on U.S. sanctions relief and an end to the naval blockade, while joint plans call for clearing dangerous mines.
On Tuesday, the United States delivered a proposal to Tehran through Pakistan Army Chief Asim Munir, offering sanctions relief and an end to the naval blockade in exchange for reopening the Strait of Hormuz and halting proxy attacks.
This proposal followed the Trump administration's recent expansion of economic pressure on Iran, with Treasury Secretary Scott Bessent labeling the package an "economic D-Day" while sanctioning about 60 entities and vessels.
Iranian Deputy Foreign Minister Kazem Gharibabadi said Wednesday the U.S. must lift its blockade "before any action is taken to reopen the Strait of Hormuz," emphasizing that reopening hinges on ending the war.
Markets reacted as Brent crude fell 2.92% on Tuesday with traders focusing on signs that escalation risks may be receding, while Oman's foreign minister said he is "hopeful" a temporary shipping route will be announced "soon."
President Donald Trump warned Iran against placing new mines, stating the United States will "immediately and systematically" destroy any Iranian ships caught doing so, while the Space Force monitors the Strait for any attempt to lay more.
It has been alleged that the US offered Iran a deal to end the naval blockade and lift sanctions in exchange for Iran reopening the Strait of Hormuz and halting attacks by its proxy forces in the region.