← September 25, 2026 briefing
Iran offers US seven-day ceasefire to reopen Hormuz
World

Iran offers US seven-day ceasefire to reopen Hormuz

Iran's foreign minister has proposed a seven-day ceasefire to Washington, with the offer explicitly tied to reopening the Strait of Hormuz within a week. Tehran is simultaneously pushing for the US to re-enter a memorandum of understanding before the November midterms, suggesting Iran sees the domestic political calendar as its best leverage point.

MarketStrait of Hormuz traffic returns to normal by December 31?
Strait of Hormuz traffic returns to normal by December 31?23% chance
Sources

More from today's briefing

Trump and Xi meet at White House amid unresolved tensions
World

Trump and Xi meet at White House amid unresolved tensions

UK food trade deficit hits 26-year high at £21bn
Economy

UK food trade deficit hits 26-year high at £21bn

NHS imposes two-year minimum wait for ADHD and autism assessments
Health

NHS imposes two-year minimum wait for ADHD and autism assessments

OpenAI breach of Australian government tied to wider AI hacking campaign
Tech

OpenAI breach of Australian government tied to wider AI hacking campaign