Breaking
Iran Said to Offer Long-Term Ceasefire, Phased Reopening of Strait of Hormuz
Summary
- Reports said Iran has proposed a long-term ceasefire and a phased reopening of the Strait of Hormuz.
- Iran also signaled the possibility of a long-term freeze instead of a full dismantlement of its nuclear program, along with a transfer of enriched uranium to Russia.
- Markets are assessing whether progress in US-Iran talks could affect geopolitical risks in the Middle East, international oil prices, and the broader risk-asset market.
Forecast Trend Report by Period
Iran has proposed a long-term ceasefire and a phased reopening of the Strait of Hormuz in a revised negotiating proposal, according to reports. It also signaled it could accept a long-term freeze of its nuclear program instead of fully dismantling it.
Walter Bloomberg, an overseas markets news channel, reported on May 18 that Al Arabiya, citing a leaked negotiating document, said Iran was pushing a phased ceasefire alongside a plan to gradually reopen the Strait of Hormuz.
Iran also indicated it could accept a long-term freeze of its nuclear program rather than its complete dismantlement. It additionally proposed transferring enriched uranium to Russia instead of the US.
Markets have begun to price in the possibility of easing geopolitical risks in the Middle East as reports on US-Iran talks continue to emerge. Because the Strait of Hormuz is a key route for global crude shipments, any reopening could affect international oil prices and broader risk-asset markets.
Minseung Kang
minriver@bloomingbit.ioBlockchain journalist | Writer of Trade Now & Altcoin Now, must-read content for investors.
