US and Iran Consider $8 Billion Deal to Reopen Strait of Hormuz

US President Donald Trump is expected to meet Qatar’s prime minister on Monday to discuss an Iranian proposal to reopen the Strait of Hormuz in exchange for the release of $8 billion in frozen Iranian funds, Israel Hayom reported. The reported proposal would require Iran to stop attacks on Gulf shipping, while the US would lift restrictions on the country. However, the deal would not address Iran’s nuclear program. Vice President JD Vance is reportedly supporting the agreement, despite opposition from senior US administration officials. The proposed deal could help restore shipping through the Strait of Hormuz, a key route for global oil supplies.

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TagsEconomy