Iran has proposed to lift its restrictions on the Strait of Hormuz, a critical maritime route for oil, without linking the move to its nuclear program. This proposal was conveyed to the United States through Pakistan and coincides with Foreign Minister Abbas Araghchi's visit to Russia for discussions on the ongoing conflict involving Israel and the U.S. Iran's proposal includes a demand for the U.S. to end its blockade on the country. Despite a ceasefire, tensions remain high, with oil prices soaring to around $107 per barrel, significantly affecting global markets. The U.S. has expressed skepticism, with President Donald Trump insisting that any agreement must include measures to prevent Iran from developing nuclear weapons. The situation in the Strait of Hormuz, through which a fifth of the world's oil passes, continues to be precarious as military threats persist from both sides. The economic fallout from the conflict is growing, with disruptions in the shipment of oil and other essential supplies. Negotiations are expected to be mediated by Pakistan, reflecting the complexities of reaching a lasting agreement.