00:00Iran is reportedly offering to reopen the Strait of Hormuz within seven days if the United States takes initial steps
00:06to ease military pressure.
00:08The proposal comes as Iranian officials attending the United Nations General Assembly have been given authority to pursue renewed diplomacy
00:15with Washington.
00:16Hormuz is a critical energy corridor carrying roughly a fifth of global oil and LNG supplies, making any reopening significant
00:24for energy markets.
00:25Oil prices moved lower after the report as traders assessed the possibility of reduced supply disruptions.
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