Iran has quietly proposed a 30-day, three-phase roadmap to end hostilities, conveyed to the US via Pakistan. The first phase includes reopening the Strait of Hormuz and lifting the US blockade on Iranian ports. The second phase proposes a nuclear freeze by Iran, limiting uranium enrichment for up to 15 years.
The news has already moved markets. WTI crude oil prices are falling as the reopening of the strait - a critical chokepoint for global oil transport - would ease supply fears. Prediction markets now see a 29.5% chance of Trump lifting the blockade, down from 40% yesterday.
The proposal carries high impact: a diplomatic breakthrough here would directly lower oil prices and reshape Middle East tensions. Markets are watching for official US and Iranian responses, as well as updates from Pakistani mediators.