The United States has signaled a desire for a swift agreement to reopen the Strait of Hormuz, marking a potential de-escalation in tensions that have disrupted global shipping routes.
The announcement comes amid reports that Washington and Tehran are finalizing a draft deal that would see the immediate restoration of normal maritime traffic through the critical waterway.
This development follows earlier disclosures from a senior Iranian official confirming that the proposed agreement includes not only the reopening of the strait but also a temporary lifting of oil sanctions against Tehran.
US President Donald Trump previously indicated that discussions were underway to restore normal shipping operations by Tuesday, August 4, aligning with the current diplomatic push.
The Strait of Hormuz remains a vital artery for global energy supplies, with roughly a fifth of the world's oil consumption passing through it daily.
Persistent threats to shipping in the region have kept a risk premium on Brent crude prices, with traders closely monitoring any signs of diplomatic progress.