Daijiworld Media Network - Tehran

Tehran, Apr 27: Iran has put forward a new proposal to the United States aimed at reopening the strategically vital Strait of Hormuz and ending the ongoing conflict, according to a media report.

The proposal, conveyed through mediators in Pakistan, suggests extending the current ceasefire to allow both sides to work towards a permanent resolution. It also proposes delaying nuclear negotiations until after the US lifts its blockade of the Strait of Hormuz.

Pakistani intermediaries have reportedly shared the plan with the White House, though it remains unclear whether Washington is willing to consider the offer.

Following the report, global markets reacted swiftly, with the US dollar weakening against major currencies, S&P 500 futures rising, and oil prices trimming earlier gains.

Efforts to resume peace talks had stalled over the weekend after US President Donald Trump cancelled a planned visit by senior envoys for discussions, while Iran maintained it would not negotiate under threats.

Trump acknowledged receiving a revised proposal from Iran, stating that it was “much better” than earlier suggestions but still insufficient, without elaborating on details.

Although a ceasefire has largely been in place since early April, both nations continue to enforce blockades around the Strait of Hormuz, a critical passage that handles nearly one-fifth of the world’s oil supply.

The disruption has been described by the International Energy Agency as one of the biggest supply shocks in history, underscoring the global economic impact of the ongoing standoff.