Iran reportedly offers Hormuz reopening in exchange for end to U.S. port blockade

Iran has reportedly offered to reopen the Strait of Hormuz within seven days if the U.S. lifts its port blockade, according to Kyodo News.
A reopening would represent a major improvement in energy-shipping conditions through one of the world's most important oil transit routes and could reduce the geopolitical risk premium embedded in crude prices.
The proposal remains conditional, and the market impact will depend on whether the parties reach an agreement and shipping flows actually normalize.