"Iran's latest proposal aims for de-escalation in the Gulf without immediately placing restraints on its nuclear programme, as the US has demanded."
"Tehran has offered to reopen the Strait of Hormuz on the condition that the US lifts its naval blockade on Iranian ports and agrees to end the war."
"In peacetime, one-fifth of the world's oil and liquefied natural gas (LNG) supplies are shipped through the narrow passage, which links Gulf oil producers to the open ocean."
"Days after the ceasefire began on April 8, Trump announced a blockade on Iranian ports and ships, restricting Tehran's ability to export oil and cutting off a crucial source of its revenue."
Iran has proposed reopening the Strait of Hormuz while delaying discussions on its nuclear program, a contentious issue with the US. The proposal aims to de-escalate tensions in the Gulf, contingent on the US lifting its naval blockade on Iranian ports. The Trump administration has expressed skepticism about the offer, indicating it may not be accepted in its current form. The ongoing conflict has significantly impacted global energy prices and supply chains, with the Strait being a critical route for oil and LNG shipments.
Read at www.aljazeera.com
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