3 Aug 2026 (Navroze Bureau) : International mediators are reportedly working to revive negotiations between the United States and Iran, with a proposal that would see the Strait of Hormuz remain open for 60 days without transit fees, according to Israeli media reports.
The reported initiative aims to ease tensions in the Gulf and ensure the uninterrupted flow of global energy supplies.
Proposal Aims to Reduce Regional Tensions
According to the report, mediators are exploring confidence-building measures that could encourage both Washington and Tehran to return to the negotiating table.
One of the reported proposals includes keeping the Strait of Hormuz open to commercial shipping for 60 days without imposing additional transit charges.
Focus on Diplomatic Breakthrough
The discussions are reportedly part of broader efforts to restore dialogue on issues including regional security and Iran’s nuclear programme.
Diplomatic channels are said to remain active despite recent military tensions in the region.
Strategic Importance of Hormuz
The Strait of Hormuz is one of the world’s most critical maritime routes, with a significant share of global oil and liquefied natural gas shipments passing through the narrow waterway.
Any disruption to shipping in the strait can have a major impact on international energy markets.
No Official Confirmation
Neither the United States nor Iran has officially confirmed the reported proposal.
Officials have yet to comment on the details of the mediation efforts or the reported 60-day arrangement.