Iran has presented a draft memorandum to the United States proposing the reopening of the Strait of Hormuz in exchange for the lifting of American oil sanctions, according to Iranian state media.
The proposal marks a significant shift in Tehran's posture, offering to restore the critical global shipping chokepoint that has been disrupted amid escalating tensions.
The reported terms suggest a direct linkage between energy trade restrictions and maritime security.
The reported terms suggest a direct linkage between energy trade restrictions and maritime security.
Under the draft framework, Washington would commit to removing the sanctions that have constrained Iranian crude exports, while Tehran would agree to allow unrestricted commercial and naval transit through the strait.
This development follows weeks of heightened geopolitical friction that has already forced shippers to reroute vessels and pushed energy prices higher.
The proposal arrives as diplomatic channels remain fragile.