Iran has proposed a deal to the United States that would reopen the Strait of Hormuz within seven days, contingent on "necessary conditions" outlined in a previous memorandum of understanding.

• The offer was delivered to the US via Qatar, with Iranian Foreign Minister Abbas Araghchi stating the choice now rests with the US.
• A US official indicated positive discussions are underway through mediators, but President Donald Trump has reportedly privately rejected the deal, deeming it unlikely Iran would meet his demands.
• The Strait of Hormuz closure has impacted global energy prices, with approximately 20 percent of the world's oil and liquefied natural gas passing through it.