Iran has signaled its willingness to resume negotiations with Washington, offering a possible path toward reopening the Strait of Hormuz.
Iranian Ambassador to Pakistan Reza Amiri Moghadam said Tehran recently communicated through Pakistani intermediaries that it was prepared to reopen the strategic waterway if the United States ended its naval blockade of Iranian ports.
However, Moghadam accused President Donald Trump of rejecting the proposal because Washington wanted to maintain its blockade.
The claim has not been independently confirmed by the U.S. government.
The diplomatic exchange follows an interim agreement brokered by Pakistan and Qatar in June that was intended to restore maritime traffic and establish a framework for broader nuclear negotiations.
Despite the latest proposal, the fundamental disagreement remains: Washington and Tehran are reluctant to surrender their negotiating leverage first.
The conflict has disrupted energy markets and intensified concerns about inflation, particularly as higher fuel costs affect households and businesses.
For investors, the critical development would be a verified agreement that restores commercial shipping through Hormuz.
Until then, renewed negotiations may offer a possible diplomatic opening, but they do not guarantee lower oil prices.