It was Iran which proposed the 10-day ceasefire, i24's Stein reports, citing sources; US said to be demanding a longer ceasefire and demanding even partial navigation of the Strait of Hormuz
- The goal of these 10 days, according to the two sources, is to find a solution for the Strait of Hormuz.
- The mediators conveyed the proposal to the US and even added additional components to it during the talks they held with Washington and Tehran - such as the idea of creating a "middle route to Hormuz" - so that it would be between the territory controlled by Oman and the territory controlled by Iran and through which ships could pass.
- Some members of the Trump administration call the Iranian proposal "absurd, illogical."
Context
This development indicates a potential shift in negotiations around the Strait of Hormuz, a critical chokepoint for global oil supply. Iran's proposal for a 10-day ceasefire highlights their willingness to engage in dialogue, while the U.S. demanding a longer ceasefire could signal a tougher stance on security issues in the region. Overall, this situation may impact oil prices and market sentiment, particularly in the WTI and broader commodities markets, as tensions in the Strait could affect trade flows.
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