Iran has reportedly submitted a fresh proposal to the United States aimed at ending the ongoing two-month conflict, even as tensions remain high over the closure of the strategically vital Strait of Hormuz.
According to local media reports, the new proposal comes at a time when global concerns are mounting over disrupted petroleum trade through the key maritime route, which handles a significant share of the world’s oil shipments.
Diplomatic Push Amid Rising Pressure
The latest move follows comments from Donald Trump, who recently claimed that Iran was eager to strike a deal due to mounting economic pressure. Washington has intensified sanctions under what it has described as “Economic Fury,” significantly impacting Tehran’s economy.
While details of Iran’s latest proposal have not yet been disclosed, earlier negotiations had seen Tehran offer to reopen the Strait of Hormuz and bring the conflict to an end. However, Iran had proposed delaying discussions on its nuclear programme — a condition that was rejected by the US.
US Stands Firm on Nuclear Conditions
The Trump administration has insisted that any agreement must include strict provisions related to Iran’s nuclear activities. According to a report by Axios, US negotiators pushed for clauses ensuring that Iran does not transfer enriched uranium from damaged nuclear facilities or resume nuclear operations during ongoing talks.
White House spokesperson Anna Kelly reiterated Washington’s position, stating that Iran must never be allowed to possess nuclear weapons.
“Negotiations continue to ensure the short- and long-term national security of the United States,” she said, declining to comment on specific diplomatic exchanges.
Strait of Hormuz Remains Flashpoint
The crisis escalated after Iran effectively shut down access to the Strait of Hormuz following the outbreak of conflict involving the US and Israel on February 28. Although a ceasefire was announced on April 8, the US has continued to block Iranian shipping through the route, prolonging disruptions.
The situation has had a direct impact on global oil markets. Prices surged to a wartime high of $114.70 per barrel before easing slightly, eventually stabilising around $110.
Economic Strain on Iran
US officials say the sanctions are taking a heavy toll on Iran’s economy. Treasury Secretary Scott Bessent claimed that the country is facing a severe shortage of US dollars, along with rising inflation and resource constraints.
He also alleged that food and fuel rationing are being enforced, and that Iran’s currency has plunged to record lows. According to Bessent, the blockade will remain in place until full freedom of navigation is restored in the region.