US and Iran seek deal to reopen Strait of Hormuz, but major obstacles remain

Mediators are working with Iran and the United States to broker a deal ending hostilities and reopening the Strait of Hormuz, but major obstacles remain between the two sides, according to officials. The indirect talks continue despite President Donald Trump initially rejecting an Iranian proposal that would reopen the strait within a week in exchange for suspending the US blockade, releasing frozen assets, and sanction waivers on oil sales. Iran's foreign minister is meeting Qatari mediators today, while Washington demands progress on nuclear issues. The conflict, now in its eighth month, has caused global economic damage and hit Iran hard. A draft proposal includes reopening the strait under a separate agreement with Oman, with no tolls, though the two sides remain far apart on timing and which steps come first.