On Monday, Iran reportedly offered to reopen the Strait of Hormuz, a vital maritime route, contingent on the United States lifting its blockade and ending the ongoing war in West Asia. Iran's conditions include a later discussion regarding its nuclear program. The proposal was communicated to the US through Pakistan, but US President Donald Trump is expected to reject it. The blockade aims to prevent Iran from selling oil, significantly impacting its economy. Since the conflict escalated on February 28, oil prices have surged, with Brent Crude reaching approximately $108 per barrel, a near 50% increase. Amid these developments, Iran's Foreign Minister Abbas Araghchi met with Russian President Vladimir Putin in St Petersburg to discuss support for Iran and the situation in the region. The fragile ceasefire, initially agreed upon on April 7, has been extended indefinitely by Trump.