Iran is suggesting a plan to ease its control over the Strait of Hormuz without addressing its nuclear activities, according to two regional sources familiar with the proposal. The country’s foreign minister is currently in Russia to seek consultation on the conflicts involving Israel and the United States. The proposal also includes a request for the US to lift its blockade on Iran. However, it is unlikely to receive support from President Donald Trump, who insists on Iran’s nuclear program being a part of any comprehensive agreement to reopen the strait and establish a lasting ceasefire.
President Trump stated in an interview with Fox News that the US holds the advantage in negotiations and is open to discussions if Iran is willing to engage. The proposal from Iran was initially reported by Axios, with Iran’s Foreign Minister meeting with Russian President Vladimir Putin in St. Petersburg. The ongoing tensions between Iran and the US in the vital Strait of Hormuz have kept oil prices high despite a ceasefire.
Efforts to restart negotiations between Iran and the US have been made by Pakistan, with talks expected in Islamabad. However, President Trump has indicated that discussions could be conducted via telephone. Trump has expressed doubts about the leadership in Iran, causing uncertainty in reaching a resolution.
The stalemate in the Strait of Hormuz, a critical passage for global oil trade, has led to disruptions and increased oil prices. Iran is looking to gain Oman’s support in implementing a toll collection mechanism for vessels passing through the strait. The US blockade remains a significant obstacle to restarting talks, with mediators working to bridge the gaps between the two nations.
The conflict between the US and Iran has resulted in thousands of casualties and disruptions to global trade. The UN nuclear watchdog has raised concerns about Iran’s enriched uranium stockpile, which is close to weapons-grade levels. The toll of the conflict has been significant, with casualties reported in Iran, Lebanon, Israel, and Gulf Arab states.
The situation remains tense, with both Iran and the US exchanging military threats. Trump has set conditions for any agreement, emphasizing Iran’s nuclear disarmament. The conflict has had far-reaching economic consequences, affecting oil and gas shipments and disrupting global supply chains.