The government of Iran has proposed a draft peace deal to fully restore commercial shipping through the Strait of Hormuz within 30 days [1].
This move could stabilize global energy markets and reduce the risk of a wider conflict by reopening one of the world's most critical oil transit chokepoints. The proposal comes amid broader negotiations between the U.S. and Iran to ease economic pressures and resume trade flows.
Iranian Foreign Minister Hossein Amir-Abdollahian said, "We will fully reopen the Strait of Hormuz within a month, restoring commercial traffic to pre‑war levels."
U.S. officials have acknowledged the terms of the ongoing discussions. Ned Price, a U.S. State Department spokesperson, said the discussions include a provision for Iran to lift the blockade and allow shipping to resume in the next 30 days [2].
While the shipping timeline is a primary focus, other financial demands remain part of the negotiation. Iran has requested the release of $24 billion in frozen funds [1].
Senator Marco Rubio said it will take two more days to narrow down the peace deal, though he noted that the shipping issue remains a top priority [3].
Despite these diplomatic signals, some reports indicate that the Strait remains blocked and that a concrete timeline has not yet been finalized [4]. The discrepancy highlights the volatility of the negotiations as both nations attempt to balance security concerns with economic necessity.
“"We will fully reopen the Strait of Hormuz within a month, restoring commercial traffic to pre‑war levels."”
The proposal signals a potential shift toward de-escalation, as the Strait of Hormuz is vital for global oil supplies. However, the demand for $24 billion in frozen assets suggests that the reopening of the waterway is being used as a primary bargaining chip in a larger geopolitical trade-off.
