Iran Proposes Two-Day Plan to Reopen Hormuz Strait If U.S. Meets Demands

The Strait of Hormuz handles roughly 20–25% of global crude oil and liquified natural gas trade; disruption affects energy prices, shipping insurance, and port operations worldwide. Iran's compressed two-day timeline and unchanged preconditions—sanctions relief, naval blockade removal, frozen fund release—establish measurable compliance benchmarks for U.S. policy response. Ongoing tanker incidents (mine strikes reported November 2) signal active maritime hazards that affect commercial routes, re-insurance markets, and insurance premia. U.S. and regional military postures remain in flux pending diplomatic outcome; Qatar-led mediation and China's announced special envoy initiative introduce new negotiation channels with uncertain resolution timelines.