Iran has offered the U.S. a deal to open the Strait of Hormuz, a key waterway for the oil industry, without any terms regarding its nuclear program, according to The Associated Press.
Iran offered to end its restriction of the strait if the U.S. stops a blockade and the current conflict against Tehran, two officials in the region told the news service, with talk on its nuclear program to come later.
The U.S.-Israeli war with Iran has lasted for nearly two months, testing the Trump administration’s relationship with some of its allies and leaving a notable impact on the economy. Iran has reportedly inflicted billions of dollars of damage on U.S. military assets and bases in the Gulf region.
Six people familiar with the damage told NBC News that runways, high-end radar systems, dozens of aircraft, warehouses, command headquarters, aircraft hangars and satellite communications infrastructure had been hit by Iranian forces.
Over the weekend, President Trump said his administration had received a new proposal from Iran following his cancellation of a delegation’s trip to Pakistan for additional peace talks.
“They gave us a paper that should have been better. And interestingly, immediately, when I canceled it, within 10 minutes, we got a new paper that was much better,” Trump told reporters Saturday, Bloomberg reported.
Trump told reporters that the U.S. had “all the cards” in the negotiations.
“We’ll deal by telephone, and they can call us any time they want,” the president said.
Copyright 2026 Nexstar Media, Inc. All rights reserved. This material may not be published, broadcast, rewritten, or redistributed.For the latest news, weather, sports, and streaming video, head to The Hill.
