Iran reportedly proposes Hormuz Strait deal to U.S. Here’s where things stand — and what’s next for markets - CNBC

Iran reportedly offered to lift blockades in the Strait of Hormuz immediately while postponing broader negotiations, and diplomats said talks briefly stalled. Since then, U.S. and Iranian officials have developed a framework to extend the ceasefire 60 days and reopen the strait, which helped push oil prices down and lifted global stocks. Persistent disagreements over enriched uranium and proposed tolls mean the talks remain fragile and implementation could be slow.