Iran Offers to Reopen Hormuz If US Lifts Blockade
Get the Finance newsletter
Daily finance — markets, central banks, M&A, the prints that move money. Free.
- Iran says it will reopen the Strait of Hormuz if the U.S. lifts its port blockade and the war ends, deferring nuclear talks.
- Trump cancelled a planned meeting with Kushner and Witkoff in Pakistan, citing wasted time, and claimed Iran sent a “much better” paper after the cancellation.
- Rubio warned that any Iranian offer that ties strait access to coordination or payment would not be a true opening of an international waterway.
- Leavitt announced a White House briefing at 1 p.m. ET on the proposal.
- Araghchi left Islamabad after only speaking with Pakistani officials, ending a brief diplomatic outreach.
Why it matters: Indian shipping firms will benefit from the 21‑hour talks that aim to reopen the strait, easing oil supply constraints, lowering oil prices, and calming global market volatility that has spiked Bitcoin and S&P 500 levels.
