Iran offers US new ‘7-day’ ceasefire proposal
Foreign minister says plan could see Strait of Hormuz reopen within a week
Source: Financial Times
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DW NOTE
Iran has proposed a new ceasefire every sixteen days since March and violated the last one within six weeks. The blockade costs the global economy roughly $180 billion in lost oil output annually at current deficits. Tehran now offers to reopen the strait it closed as if territorial blackmail were a negotiating position rather than an act of war.