Iran Proposes Hormuz Strait Deal; Trump Rejects but Signals Non-Military Path

Iran has put forward a proposal — so far rejected by the Trump administration — that would open shipping in the Strait of Hormuz in exchange for shelving nuclear talks to a later stage. A senior Iranian official, speaking anonymously, characterized the offer as a significant diplomatic concession. Trump has expressed dissatisfaction with the terms but has signaled preference for a non-military resolution. The blockade is already producing divergent economic effects among Gulf oil exporters, with Saudi Arabia and Oman positioned to benefit from elevated prices while transit-dependent exporters suffer. The situation sits at the intersection of nuclear diplomacy, energy markets, and maritime security.