- Iran has introduced a counterproposal for a two week protocol for safe passage through the Strait of Hormuz as part of broader ceasefire negotiations.
- The proposal includes demands for a lasting regional ceasefire, the lifting of international sanctions, and financial support for Iranian reconstruction.
- Global oil markets remain highly volatile with Brent crude prices exceeding 100 dollars per barrel due to the ongoing maritime blockade.
- Reports indicate the Iranian Revolutionary Guard Corps has begun charging transit fees in Chinese yuan for vessels from specific nations like China and Russia.
- U.S. officials have characterized the Iranian demands as maximalist while maintaining a deadline for the full reopening of the waterway.
Iran proposes two week safe passage protocol for the Strait of Hormuz
Apr 7, 2026, 11:23:42 PM UTC(13 hours ago)
Impact: MediumAffected Assets
Sources
From:@DeItaone
*IRAN SAYS SAFE PASSAGE VIA HORMUZ 'POSSIBLE' FOR TWO WEEKS
