Iran Proposes Two-Day Plan to Reopen Hormuz, Resume US Talks

The sequencing is the real signal here: Tehran is tying the reopening of Hormuz — and any return to negotiations — to US compliance first, which inverts the usual de-escalation choreography and leaves Washington holding the first move. For energy and shipping markets, the strait's status remains the binding constraint on flows, so the proposal matters less as diplomacy than as a conditional offer that could quickly stall. Who blinks first on the two-day structure, and whether the compliance measures are specified publicly, are the open questions worth watching.