Iranian Ambassador to South Korea said Iran has proposed a seven-day plan to the US and is preparing a response to US feedback; adds that Iran does not want war and seeks to reduce tensions through diplomacy, ISNA reports

• Says that the Strait of Hormuz would reopen on the sixth day if Washington accepts the conditions, with negotiations beginning on the seventh day.

Offers routed through third-country diplomatic channels, with specific timelines attached, are a familiar feature of Gulf standoffs and have historically served as much to shape the negotiating record as to close a deal; the sequencing here, reopening before talks begin, inverts the usual pattern in which de-escalation follows rather than precedes a framework. The operative variable for crude and products is the Strait of Hormuz itself: past episodes of threatened or partial closure have re-priced through freight rates, war-risk insurance premia and the prompt timespread before they showed in flat price, and those are the channels that normalise first when tension unwinds. The sourcing matters: comments attributed to an ambassador abroad, carried by a domestic agency, sit below statements from the foreign ministry or the supreme leader's office in the hierarchy of Iranian signalling, and comparable offers in prior cycles have been walked back or conditioned within days. What distinguishes a genuine off-ramp from posturing has typically been parallel confirmation from the US side and observable tanker behaviour rather than further rhetoric. The follow-ons are the formal Iranian response to US feedback, any matching US statement, and whether shipping and insurance markets begin pricing reopening before diplomats confirm it.