Iran gave the US a new proposal through Pakistani mediators for reaching a deal on reopening the Strait of Hormuz and ending the war however postponing nuclear talks, Axios reports citing sources

This development suggests a potential easing of tensions in the Strait of Hormuz, a crucial chokepoint for global oil supply.

Newsquawk StaffPublished 27 Apr 2026, 01:23 UTCOn the live feed at 01:03 UTC — 5 more headlines followed before this page went public

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01:08

[MARKET UPDATE] Brief risk-on move following the Axios report, with US equity futures paring back its earlier losses while the DXY extends on session lows; however, crude futures failed to react and the majority of the move has pared back since

01:07

BoJ Deputy Governor Uchida to join policy meeting by phone due to health reasons

01:03

Iran gave the US a new proposal through Pakistani mediators for reaching a deal on reopening the Strait of Hormuz and ending the war however postponing nuclear talks, Axios reports citing sources

00:57

China delays foreign debt sales with USD 100bln of bonds due, Bloomberg reports

00:53

China's MOFCOM issues a statement on the EU Industrial Accelerator Act, calling it discriminative for trade; will closely monitor and engage in dialogue with the EU but threatens countermeasures if the EU presses ahead

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US President Trump to hold a situation room meeting on Iran on Monday.

Context

However, the postponement of nuclear talks indicates ongoing complexities in US-Iran relations, which may create volatility in energy markets, particularly for WTI crude. Traders should watch for market reactions to any outcomes from the upcoming situation room meeting on Monday, as sentiments around geopolitical risks can heavily influence commodity prices.

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