*TEHRAN PROPOSAL COULD REOPEN HORMUZ STRAIT IN SEVEN DAYS: SEMAFOR*US, IRAN DISCUSSING PHASED DEAL TO REOPEN STRAIT, LIF | Hanami
*TEHRAN PROPOSAL COULD REOPEN HORMUZ STRAIT IN SEVEN DAYS: SEMAFOR *US, IRAN DISCUSSING PHASED DEAL TO REOPEN STRAIT, LIFT BLOCKADE: RTRS
- Tehran made a proposal to reopen the Strait of Hormuz within seven days and restart talks to end the war, Semafor reported. - US and Iranian negotiators are discussing a phased deal to reopen the strait and lift Washington's economic blockade, according to Reuters. - Neither side has been willing to surrender leverage first, while political incentives to reach a deal could wane after November midterm polls. - Meanwhile, Iran-backed Houthis continued targeting Saudi oil export infrastructure on the Red Sea coast as the kingdom pumps crude through its East-West pipeline without resuming tanker loadings.