Iran on Friday (local time) has sent a fresh proposal for negotiations with the United States to Pakistani mediators, state-run news agency IRNA reported, in a move that could improve prospects for breaking an impasse between the two sides in efforts to end the war.
While the state-run news agency did not reveal any other details, global oil prices, which have seen a steep increase ever since Iran's Islamic Revolutionary Guard Corps (IRGC) effectively shut the Strait of Hormuz, dropped after the news broke, Reuters reported.
The closure of the Strait of Hormuz, which transports roughly a fifth of the world's oil and gas supplies, has rattled the global energy markets, with the International Energy Agency (IEA) describing the crisis as one of the worst energy crises in history.
It was not immediately clear if the Pakistani mediators had passed on the proposal to Washington yet.
The latest proposal comes days after the Islamic Republic sent another proposal to Washington via Pakistani mediators. The logjam between the two sides has continued ever since the first round of talks failed in Pakistan's capital city, Islamabad, on April 11-12. The negotiations, which were held for over 21 hours, concluded without an agreement, with both sides accusing each other. While Washington said that Tehran chose not to accept its terms, Tehran accused Washington of making excessive demands.
The second round of talks, which was slated to take place possibly a week after the first round, never really occurred, after US President Donald Trump enforced a naval blockade of Iranian ports as the Islamic Republic continued to keep the Strait of Hormuz shut. The blockade, which was put in place on April 13, has been in place since and has been cited as the reason for Tehran not engaging in talks with the US anymore.
While Trump said the blockade wouldn't be removed until an agreement is finalised, Tehran has said it won't come to the negotiating table. Last week, Iran's Foreign Minister Abbas Araghchi was in Pakistan and met with his counterpart in Islamabad. Following the news of his arrival in Pakistan, the Trump team was gearing up to leave for Islamabad; however, Araghchi left Islamabad shortly before the US team departed from Washington, signalling that the logjam continued.
The development of Tehran sending a fresh proposal comes a day after Israel's Defense Minister, Israel Katz, issued a warning that Tel Aviv could renew military strikes against Iran, after it reportedly received 6,500 tonnes of military equipment from the US. Katz's warning coincided with a 45-minute briefing that the US Central Command (CENTCOM) chaired with Trump, and hinted at the renewal of the military strikes against Tehran.
On Thursday, Iranian President Masoud Pezeshkian said that Tehran is ready to resume diplomacy with Washington, provided that the latter drops its "maximalist" demands and stops its "maritime piracy" against Iranian ships in the Persian Gulf, IRNA reported.
Pezeshkian made these remarks in a phone call with Japanese Prime Minister Sanae Takaichi and said that Washington and Tel Aviv have committed war crimes against Iran during the recent war of aggression by assassinating the leader of the Islamic Revolution and senior political and military officials, and attacking key public infrastructure, including schools, hospitals, and safeguarded nuclear facilities.
Swati Gandhi is a digital journalist with over four years of experience, specialising in international and geopolitical issues. Her work focuses on foreign policy, global power shifts, and the political and economic forces shaping international relations, with a particular emphasis on how global developments affect India. She approaches journalism with a strong belief in context-driven reporting, aiming to break down complex global events into clear, accessible narratives for a wide readership.<br><br> Previously, Swati has worked at Business Standard, where she covered a range of beats including national affairs, politics, and business. This diverse newsroom experience helped her build a strong grounding in reporting, while also strengthening her ability to work across both breaking news and in-depth explanatory stories. Covering multiple beats early in her career has helped her be informed about her current work, allowing her to connect domestic developments with wider international trends.<br><br> At Live Mint, she focuses on international and geopolitical issues through a business and economic lens, examining how global political developments, foreign policy decisions, and power shifts impact markets, industries, and India’s strategic and economic interests.<br><br> She holds a Bachelor’s degree in English (Honours) from the University of Delhi and a Master’s degree in Journalism and Mass Communication from Guru Gobind Singh Indraprastha University. Her academic training has shaped her emphasis on precision, analytical rigour, and clarity in writing. Her interests include global political economy and the intersection of geopolitics with business.<br><br> Outside work, Swati focuses on exploring her passion and love for food. From fancy cafes to street spots, Swati explores food like a true foodie.
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