Monday, 28 September 2026Updated 16m ago
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US and Iran explore a phased deal to reopen the Strait of Hormuz and end the blockade

8 sources · first seen 21:48 24 Sept · updated 04:37 26 Sept

The brief

Written from 6 reports · check the source before you trade
  • Iran offered to reopen the Strait of Hormuz within 7 days if the US lifts its blockade and waives sanctions
  • Reports describe discussions on a phased arrangement, but the proposal’s conditions differ
  • A reopening could ease crude-supply risks for Indian Oil, BPCL and HPCL

Market read

the session the news first traded, and since
StockTradedThat dayvs NiftyVolumeSince
BPCLFri, 25 Sept+0.5%+0.1%0.4×+0.5% · Nifty +0.3%
IOCFri, 25 Sept−0.4%−0.8%1.0×−0.4% · Nifty +0.3%

✗ Classifier read this as positive; IOC fell 0.8% against the Nifty on the day it traded.

Tags on this story

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Strait of Hormuz11 todayIran49 todayCrude oil63 todayShipping routes2 todayGeopolitics74 todayIndian Oil₹135.70 · 2 todayBPCL₹308.50 · 3 todayShipping and logistics12 today

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Part of a developing story42 updates over 5 days

US-Iran standoff over reopening the Strait of Hormuz

Oil rose as Iran threatened to widen the conflict and held to a seven-day proposal to reopen the Strait of Hormuz, while Trump rejected the proposal. Iran said indirect talks with the US remained open; Trump said the conflict could end soon but did not rule out further strikes.

Friday, 25 September

  1. Oil Futures Post Back-to-Back Gains on Escalation Concerns
  2. Senate narrowly votes down resolution calling for end to Iran war

Thursday, 24 September

  1. 2 sources
    US sanctions disrupt Iranian airline links, with the UAE suspending flights
  2. At UN, 80 countries demand reopening of Hormuz, condemn Iran, Houthi attacks
  3. 8 sourcesYou are here
    US and Iran explore a phased deal to reopen the Strait of Hormuz and end the blockade
  4. Oil rises as Iran threat to widen war dims hopes of Strait of Hormuz deal
  5. Live updates: Oil back on the rise as Iran denies report of deal talks

See all 42 updates →

Read the reports

9 reports · earliest 21:48
ReutersUS and Iran discuss phased deal to reopen Hormuz and end US blockade, sources say21:48MintUS-Iran war: Will Strait of Hormuz reopen and blockade end? Both nations discuss phased deal, says report23:56CNBC-TV18US and Iran discuss phased deal to reopen Hormuz and end US blockade06:36MoneycontrolIran gives US a seven-day plan to end conflict, reopen Strait of Hormuz and start nuclear talks07:30Business StandardUS, Iran explore phased deal to reopen Strait of Hormuz, lift blockade08:56CNBCIran offers to reopen Strait of Hormuz within 7 days and restart nuclear talks14:33Business LineIran offers to reopen Strait of Hormuz in 7 days if US lifts blockade, waives sanctions00:12MintIran offers to reopen Strait of Hormuz in 7 days: 3 conditions it has set for Trump02:03BloombergUS, Iran Explore Phased Deal to Reopen the Strait of Hormuz04:37