Iran Offers US Deal to Reopen Hormuz Strait, Delay Nuclear Talks

Iran has reportedly offered the United States a framework to reopen the Strait of Hormuz and pursue an end to hostilities while postponing negotiations on its nuclear program to a later phase, according to Axios. The report cites a U.S. official and two sources with direct knowledge of the proposals.

According to follow-up coverage, the proposal was transmitted through Pakistani mediators and has been discussed within U.S. national security circles; Reuters-linked outlets noted the Axios sourcing and quoted a White House spokesperson, Olivia Wales, underlining Washington’s cautious stance toward any arrangement that could affect U.S. security and non-proliferation objectives. Iranian Foreign Minister Abbas Araghchi's recent shuttle diplomacy to Oman, Pakistan and Russia is part of the backdrop to these exchanges.

Markets reacted to the report and to continuing uncertainty over safe passage through the Hormuz chokepoint. Brent and WTI crude futures climbed in early trade—Brent rose about 2% on the session—reflecting renewed supply-risk pricing as the Strait's status remained unresolved. Equities and risk-sensitive assets showed short-term pressure while the dollar firmed on safe-haven flows.

In a broader economic context, the operational status of the Strait of Hormuz remains a primary driver of the war-related energy premium. Previous ceasefire signals had produced sharp reversals in oil prices when the strait's accessibility changed; any sustained agreement to guarantee commercial transit would remove a significant portion of the near-term upside risk in energy markets. Regional mediation proposals under discussion have included phased or 45-day arrangements, but full reopening has been tied to more comprehensive settlement elements.

Market strategists and energy analysts say volatility is likely to persist until diplomatic details are clarified. Major banks and research houses have already adjusted oil forecasts upward in recent weeks, and traders are watching diplomatic engagements and any U.S. policy shifts for signals that could prompt a rapid re-rating of energy and inflation expectations. The coming days of negotiations and public statements from both capitals will be decisive for short- and medium-term market positioning.