Iran has offered the United States a deal that could reopen the Strait of Hormuz and restore normal maritime traffic within seven days, provided Washington meets unspecified conditions set out in a June memorandum of understanding. The proposal, delivered via Qatar, comes amid escalating US-Iranian hostilities and growing international concern over the strait’s closure, which has disrupted energy markets and increased pressure on President Donald Trump to end the conflict.

The June agreement envisaged a ceasefire, an end to military operations, sanctions relief and an Iranian commitment never to develop nuclear weapons, alongside safe passage for commercial vessels. It collapsed when fighting resumed, with Iran attacking unauthorised vessels and the US striking Iranian sites, tankers and ports. Before the war, roughly 20% of global oil and liquefied natural gas shipments passed through the strait; recent shipping data showed an average of about 18 daily transits, with numbers sometimes falling to nine, while related Houthi attacks have also threatened Red Sea oil routes.