US Discusses Iran's Hormuz Proposal, Nuclear Red Lines Remain Key
The White House said US officials are discussing Iran's latest proposal, but insisted the "red lines" for ending the eight-week war remain unchanged—specifically preventing Tehran from acquiring nuclear weapons. White House spokeswoman Karoline Leavitt said President Donald Trump has met with national security officials to discuss the proposal and will announce his position "soon."
The comments follow reports that Iran offered an interim deal: reopening the Strait of Hormuz in exchange for the US ending its blockade of Iranian ports, while more complex negotiations over the nuclear program are postponed to a later stage. Iranian media also reported that Araqchi will tell Pakistani mediators that the conflict can end if the US lifts the blockade, agrees to a new legal framework for traffic in the strait, and guarantees no further military action. At the same time, Trump reportedly still wants the nuclear issue resolved as part of the deal and maintains the blockade until that goal is achieved—leaving little room for compromise.
The oil market remains closely monitoring the impasse as the blocked Hormuz flow keeps physical supplies tight. Brent rose for the sixth consecutive session and closed above US$108/barrel, while WTI ended above US$96/barrel, as market participants added a risk premium after hopes for weekend peace talks were dashed. As long as access to Hormuz remains unrecovered, energy inflation risks are likely to persist, keeping the market sensitive to diplomatic headlines, the status of the blockade, and any signals about whether the "interim deal" framework can truly be implemented without addressing the nuclear issue, which remains a key sticking point. (Arl)
Source: Newsmaker.id
