China and Oman called for a ceasefire between the US and Iran during talks in Beijing, stressing the need to restore safe passage through the Strait of Hormuz. The joint statement urged dialogue and a comprehensive agreement including the nuclear issue.
Iran announced a two-day plan to reopen the Strait of Hormuz, shortening its earlier seven-day proposal. The plan depends on the US meeting Iranian conditions. Foreign Minister Seyed Abbas Araghchi confirmed the shift during ongoing talks in Qatar.
The US has not yet responded to Iran’s proposal. A US spokesman said the "ball is in the US court" for peace talks. Meanwhile, Iran reported two tankers hit mines and caught fire in the Strait, raising concerns about security.
The situation follows months of tension over Iran’s nuclear program and US sanctions. Diplomatic efforts in Qatar aim to de-escalate the crisis. Oil prices dipped as hopes grew for a quicker resolution.
The Strait of Hormuz remains a critical chokepoint for global oil supplies. Any disruption could have major economic consequences. The two-day plan represents a significant shift in Iran’s approach to negotiations.
The US and Iran have been at odds since 2018, when the US withdrew from the 2015 nuclear deal. Recent talks in Qatar mark a rare attempt at dialogue. The outcome could influence regional stability and global energy markets.
