Iran offered to end its chokehold on the Strait of Hormuz if the US lifts its blockade on the country and ends the war in a proposal that would postpone discussions on the Islamic Republic’s nuclear program, two regional officials said Monday.
US President Donald Trump seems unlikely to accept the offer, which was passed to the Americans by Pakistan and would leave unresolved the disagreements that led the U.S. and Israel to go to war on February 28.
White House press secretary Karoline Leavitt said Trump’s national security team met Monday and was discussing Iran’s proposal. But she offered no detail about the discussion or how the proposal was received. She said Trump would address it later.
With a fragile ceasefire in place, the US and Iran are locked in a standoff over the strait, through which a fifth of the world’s traded oil and gas passes in peacetime. The U.S blockade is designed to prevent Iran from selling its oil, depriving it of crucial revenue while also potentially creating a situation where Tehran has to shut off production because it has nowhere to store oil.
The strait’s closure, meanwhile, has put pressure on Trump, as oil and gasoline prices have skyrocketed ahead of crucial midterm elections, and it has pressured his Gulf allies, which use the waterway to export their oil and gas.
Frustration among many nations is mounting, with renewed demands Monday to end the blockade that has had far-reaching effects throughout the world economy, including raising the price of fertilizer, food and other basic goods.
The Iranian proposal would push negotiations on the country’s nuclear program to a later date. Trump said one of the major reasons he went to war was to deny Iran the ability to develop nuclear weapons.
The two officials with knowledge of the proposal spoke on condition of anonymity to discuss the closed-door negotiations between Iranian and Pakistani officials this weekend. Iran’s proposal was first reported by the Axios news outlet.
The offer emerged as Iran’s foreign minister visited Russia, which has long been a key backer of Tehran. It’s unclear what, if any, assistance Moscow might offer now.
Iran’s ability to choke off traffic in the Strait of Hormuz, the narrow mouth of the Persian Gulf, has proved one of its biggest strategic advantages in a war that has often boiled down to which side can take more pain.
Oil prices rise
Oil prices have risen steadily since the war began, and tankers full of crude became stranded in the Gulf, unable to safely pass through the strait to reach global distribution points.
On Monday, the spot price of Brent crude, the international standard, was trading at around $109 per barrel, about 50% higher than when the war began.
Dozens of nations repeated calls to open the critical waterway in a joint statement led by Bahrain.
United Nations Secretary General Antonio Guterres told the Security Council on Monday that the humanitarian toll is mounting.
“These pressures are cascading into empty fuel tanks, empty shelves — and empty plates,” he said.
German Chancellor Friedrich Merz criticized the U.S. for going into the war with what he said was no strategy. “The problem with conflicts like these is always the same: It’s not just about getting in. You also have to get out,” Merz said.
French Foreign Minister Jean-Noël Barrot blasted all sides. He said the crisis began after the U.S. and Israel struck Iran without clear goals “in a manner that flouts international law.”
But he said Iran is responsible for closing the passageway. “Straits are the arteries of the world. They are not the property of any individual. They are not for sale, therefore, they cannot be impeded by any obstacles, tolls, nor bribery,” he said.
Trump last week indefinitely extended the ceasefire the U.S. and Iran agreed to on April 7 that has largely halted fighting. But a permanent settlement remains elusive.
Iranian Foreign Minister Abbas Araghchi met Monday with Russian President Vladimir Putin in St. Petersburg, Russian state news agency Tass said. Putin praised the Iranian people as “bravely and heroically fighting for their sovereignty,” and he said Russia would do everything possible to bring peace to the Middle East, Tass reported.
Araghchi told a Russian state TV reporter that the U.S. and its leaders “have achieved none of their goals” in the war. “That’s why they ask for negotiation,” he said. “We are now considering it.”
Iran’s top diplomat said Iran and Russia “are strategic partners” and that their “cooperation would continue.”
The meeting came as Pakistan has been seeking to revive stalled talks between Iran and the U.S., and negotiations had been expected in Islamabad over the weekend. Instead, Trump called off a trip by his envoys and suggested the talks could take place by phone instead.
Iran wants to persuade Oman, which shares the strait with Iran, to support a mechanism to collect tolls from vessels passing through the strait, according to a regional official who spoke on condition of anonymity because he was not authorized to discuss the matter.
Oman’s response was not immediately clear.
The official, who is involved in mediation efforts, also said Iran insisted on ending the U.S. blockade before new talks and that Pakistan-led mediators are trying to bridge significant gaps between the countries.
Trump told journalists Saturday that after he called off a trip by his envoys to Pakistan, Iran sent a “much better” proposal.
He did not elaborate but stressed that one of his conditions is that Iran “will not have a nuclear weapon.” Iran insists its program is peaceful, but the U.S. wants to remove Tehran’s stockpile of highly enriched uranium, which could be used to build a bomb, should Tehran choose to pursue one.
Since the war began, at least 3,375 people have been killed in Iran and at least 2,521 people in Lebanon, where fighting between Israel and the Iran-backed Hezbollah militant group resumed two days after the Iran war started. Another 23 people have been killed in Israel and more than a dozen in Gulf Arab states. Fifteen Israeli soldiers in Lebanon, 13 U.S. service members in the region and six U.N. peacekeepers in southern Lebanon have been killed.
