Iran Offers to Reopen Strait of Hormuz for Oil Flow

Iran has made an offer to reopen the Strait of Hormuz within seven days if the US agrees to end its blockade and military pressure campaign.

The proposal was conveyed to US officials last week as both sides explored whether they can revive peace talks ahead of the UN General Assembly in New York City.

Secretary of State Marco Rubio said there's 'no harm' in engaging with Iranian President Masoud Pezeshkian, who is seen as a more moderate figure within Iranian leadership.

The Strait of Hormuz has been a critical waterway for global oil supplies since the conflict escalated in late February.