Reporting and perspectives on strait of hormuz.
Iran's foreign minister has proposed a seven-day roadmap to Washington under which Iran would reopen the Strait of Hormuz within seven days if the US lifts its naval blockade, alongside other conditions aimed at ending the war.
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Tehran's decision-making structures appear gripped by a war of words as conflicting reports emerge on Tuesday about an agreement to reopen the Strait of Hormuz within seven days if the US eases its military pressure.
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The Houthi Red Sea coast offensive has placed another vital shipping route at risk as the Hormuz blockade disrupts trade and energy supplies. Qatar said closing the Red Sea gateway would worsen the crisis and has called for a diplomatic solution.
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Trump's announcement comes after he called on Ukraine to halt its attacks on Russian diesel infrastructure during a trip to Ireland over the weekend.
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The pipeline disruption comes as Gulf oil exports have already fallen sharply and shipping routes face further threats. With no restart date announced, the impact on deliveries to Europe and Asia depends on how long the shutdown lasts.
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Brent crude climbed above $108 a barrel on Monday morning after a merchant vessel was struck in the Strait of Hormuz, killing one crew member, and Saudi Arabia shut its main pipeline bypassing the waterway, renewing fears that Middle East supply routes are closing.
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