Iran proposed reopening the Strait of Hormuz in exchange for the lifting of a US naval blockade and a ceasefire, while attempting to delay nuclear program negotiations.President Donald Trump rejected the offer, demanding a complete halt to uranium enrichment before any concessions are made.Diplomatic efforts by Abbas Araghchi have stalled after the cancellation of peace talks in Pakistan involving Jared Kushner.The strategic waterway remains largely obstructed as the conflict continues to drive global oil prices and regional instability.