Iran May Respond Within Days to Strait of Hormuz Reopening Plan

Iran may respond within several days to a U.S. proposal to reopen the Strait of Hormuz within seven days, as negotiations between Tehran and Washington continue.

Iran’s foreign minister said the government is still assessing the proposal and expects to provide its response in the coming days. The comments leave the timing of any reopening decision unresolved.

The Strait of Hormuz is central to energy-market expectations, making Iran’s response relevant to oil prices, inflation expectations and broader risk assets, including cryptocurrencies.

Iran’s next step is expected within days as talks with the United States continue.