Iran has reportedly offered to reopen the Strait of Hormuz in its latest ceasefire proposal presented to the US.
Citing “a US official and two sources with knowledge”, Axios reports that Tehran has submitted a plan to end the war amid the ongoing ceasefire, despite talks between the two sides breaking down over the weekend.
This would see the strait, a vital waterway which usually carries around a fifth of global oil supply, reopened and a permanent truce put in place.
However, Iran is reportedly adamant that no discussions on limiting its nuclear programme can take place before the war’s end.
Tehran has previously said that the prospect of scrapping the programme altogether, as demanded by Washington, is one of its red lines.
The move comes amid a deepening diplomatic impasse, with reports about divisions inside the regime over what nuclear concessions, if any, should be offered.
President Trump is expected to convene a Situation Room meeting later today with senior national security officials to assess the stalemate and consider next steps.
He signalled over the weekend that he favours maintaining the naval blockade choking Iran’s oil exports, expressing confidence it could force Tehran to yield within weeks.
Planned talks between the two sides this weekend were abandoned, with Trump saying there was “no point” in his envoys travelling to host nation Pakistan under current conditions.
Against the backdrop of Israel's preparations for a possible collapse of negotiations, Prime Minister Benjamin Netanyahu convened the coalition leaders and cabinet last night.
According to Channel 12, Israel is pushing for the continuation of the blockade of the Strait of Hormuz.
In recent days, Israel has sent a clear message to the US not to ease the siege, the report said.
Jerusalem fears that President Trump will take steps that will allow for partial relief, in order to promote the resumption of talks.
Israeli sources warn that such a move will not lead to Iranian flexibility and that Tehran is not expected to change its positions, especially on nuclear and enrichment.
To get more news, click here to sign up for our free daily newsletter.