US and Iran reportedly near deal to reopen Strait of Hormuz in major de escalation shift

A one page memorandum could pause hostilities soon

The United States and Iran are reportedly nearing a diplomatic breakthrough that could gradually reopen the Strait of Hormuz, a vital oil chokepoint carrying nearly one fifth of global energy supplies. The plan hinges on phased easing of a US naval blockade in exchange for Iran loosening restrictions on maritime movement. Reports point to a preliminary one page memorandum that could halt hostilities and trigger a 30 day negotiation window, with talks also covering nuclear issues, sanctions relief, and the return of shipping. Iran is yet to confirm acceptance.