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Pipeline Pulse > Oil > Iran Delivers New Talks Proposal to USA as Hormuz Stays Shut
Oil

Iran Delivers New Talks Proposal to USA as Hormuz Stays Shut

Editorial Team
Last updated: 2026/05/01 at 9:41 PM
Editorial Team 1 hour ago
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Iran Delivers New Talks Proposal to USA as Hormuz Stays Shut
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Iran delivered a brand new proposal to the US and President Donald Trump vowed to keep up a naval blockade, as the 2 sides pursue behind-the-scenes diplomacy to show a fragile ceasefire into an enduring peace.

Tehran relayed its newest place to Washington through Pakistan, which mediated a primary spherical of direct negotiations final month, Iran’s state-run Islamic Republic Information Company mentioned on Friday.

The destiny of the Strait of Hormuz — by way of which a few fifth of the world’s oil and liquefied pure gasoline flowed earlier than the warfare — lies on the coronary heart of the present stalemate. Each Iran and the US have signaled they’re ready for the opposite to maneuver first earlier than they comply with ease restrictions on visitors. 

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IRNA didn’t elaborate on what the Iranian proposal entailed on key points corresponding to Hormuz or Iran’s nuclear actions.

Trump mentioned on Thursday that the blockade of Iranian ports is depriving the Islamic Republic of much-needed oil income, claiming the strain would pressure Tehran again to the negotiating desk.

“Good luck blockading a rustic with these borders,” Iran’s Parliament Speaker Mohammad Bagher Ghalibaf mentioned on X, referring to his nation’s massive measurement. He and different Iranian officers say the blockade, which they insist have to be lifted for the perimeters to go to new talks and for Hormuz to be reopened, will additional push up oil costs.

Brent traded 3% decrease at round $110 a barrel on Friday, trimming this week’s positive aspects to only over 5%.


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Trump was briefed on the White Home on Thursday by the top of US Central Command, which oversees American forces within the Center East, and Dan Caine, the chairman of the Joint Chiefs of Employees, based on Axios, which cited two unnamed US officers. Axios reported earlier that Centcom had ready a plan for a short wave of strikes to interrupt the negotiating impasse.

The US is pitching allies on a joint naval pressure to safe the Strait of Hormuz. New Zealand mentioned it had acquired the proposal however would solely help a US-led coalition if a sustainable ceasefire was in place. The trouble, known as the “Maritime Freedom Assemble,” was spelled out in a State Division cable to US embassies on Tuesday that known as on diplomats to press international governments into signing up, the Wall Road Journal reported.

On Thursday, Iran’s new supreme chief, Mojtaba Khamenei, forged doubt on the chance of a deal. He gave a uncommon assertion wherein he vowed not to surrender the nation’s nuclear or missile applied sciences. He additionally signaled Tehran would hold management of the Hormuz strait.

Right here’s extra on the warfare:

  • Iran activated air defenses round capital Tehran late on Thursday to counter reconnaissance drones. It’s unclear what led to the activation.
  • US Protection Secretary Pete Hegseth sparred with lawmakers on Thursday as Democrats careworn the Iran warfare was nearing the 60-day threshold that triggers a requirement, per the Struggle Powers Act, of Congressional authorization for any additional motion.
  • Democrats say the Pentagon is underestimating the price of the battle. One US Senator mentioned the $25 billion determine it gave this week was “in all probability lower than half, perhaps lower than 1 / 4, of the entire price of warfare.”
  • Trump invited Iraq’s prime minister nominee to go to Washington after he kinds a brand new authorities, because the US seeks to restrict Iran’s affect on the Arab nation. In a phone name, Trump and Ali al-Zaidi mentioned “methods to develop and strengthen” bilateral relations between the US and Iraq in varied fields,” based on an announcement from the Iraqi premier’s workplace.
  • Indicators of pressure on the Iranian economic system have emerged in current days, with the forex weakening to a contemporary low.




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Editorial Team May 1, 2026
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