Iran delivered a ten‑point proposal through Pakistani intermediaries aimed at ending hostilities with the United States and Israel. The document guarantees no further attacks on Iranian territory, calls for an end to Israeli strikes on Hezbollah in Lebanon, and demands the removal of all U.S. sanctions. President Trump called the offer “significant” but said it fell short of his demands in the region for Tehran.

The proposal would end Iran’s de‑facto blockade of the Strait of Hormuz and levy a $2 million fee per ship, half shared with Oman. Tehran says the proceeds will rebuild infrastructure hit by U.S. and Israeli attacks, avoiding direct compensation claims. Trump warned that missing his 8 p.m. Tuesday deadline will trigger massive airstrikes on Iranian civilian sites.

Oil markets reacted to the diplomatic overture, with Brent hovering near $82 a barrel as traders priced in the possibility of resumed Hormuz traffic. If the fee scheme materialises, shipping firms could face higher transit costs, while the sanction lift would ease pressure on Iranian oil exports. The latest exchange shows Tehran leveraging its maritime chokehold to extract economic concessions.