.jpg)
2 hours ago
3
Article content
(Bloomberg) — Iran has given the US a new proposal to reopen the Strait of Hormuz and end the war that includes putting off nuclear negotiations, Axios reported, citing a US official and two sources with knowledge the matter.
THIS CONTENT IS RESERVED FOR SUBSCRIBERS ONLY
Subscribe now to read the latest news in your city and across Canada.
- Exclusive articles from Barbara Shecter, Joe O'Connor, Gabriel Friedman, and others.
- Daily content from Financial Times, the world's leading global business publication.
- Unlimited online access to read articles from Financial Post, National Post and 15 news sites across Canada with one account.
- National Post ePaper, an electronic replica of the print edition to view on any device, share and comment on.
- Daily puzzles, including the New York Times Crossword.
SUBSCRIBE TO UNLOCK MORE ARTICLES
Subscribe now to read the latest news in your city and across Canada.
- Exclusive articles from Barbara Shecter, Joe O'Connor, Gabriel Friedman and others.
- Daily content from Financial Times, the world's leading global business publication.
- Unlimited online access to read articles from Financial Post, National Post and 15 news sites across Canada with one account.
- National Post ePaper, an electronic replica of the print edition to view on any device, share and comment on.
- Daily puzzles, including the New York Times Crossword.
REGISTER / SIGN IN TO UNLOCK MORE ARTICLES
Create an account or sign in to continue with your reading experience.
- Access articles from across Canada with one account.
- Share your thoughts and join the conversation in the comments.
- Enjoy additional articles per month.
- Get email updates from your favourite authors.
THIS ARTICLE IS FREE TO READ REGISTER TO UNLOCK.
Create an account or sign in to continue with your reading experience.
- Access articles from across Canada with one account
- Share your thoughts and join the conversation in the comments
- Enjoy additional articles per month
- Get email updates from your favourite authors
Sign In or Create an Account
or
Article content
The plan, conveyed through mediators in Pakistan, calls for extending the ceasefire so the parties can work toward a permanent end to the fighting, Axios said. Nuclear talks would come later, only after a US blockade of the Strait of Hormuz is lifted.
Article content
Article content
Pakistani mediators have given the proposal to the White House but it’s unclear whether the US wants to explore it, Axios said.
Article content
Article content
The US dollar slipped against most major peers soon after the report was released in early trading in Asia on Monday, while S&P 500 index futures rose. Oil pared gains.
Article content
By signing up you consent to receive the above newsletter from Postmedia Network Inc.
Article content
The White House didn’t immediately respond to a request for comment about the Axios report.
Article content
Efforts to resume peace talks over the Iran war halted over the weekend after US President Donald Trump canceled a planned trip by his top envoys and the Islamic Republic said it won’t negotiate so long as it’s being threatened.
Article content
Trump on Saturday acknowledged a new plan from Iran, saying that the Islamic Republic quickly sent over a fresh proposal after he told his envoys to stand down on a trip to Pakistan for talks.
Article content
“Interestingly, immediately, when I canceled it, within 10 minutes, we got a new paper that was much better,” Trump told reporters. Iran “offered a lot but not enough,” he added, without providing details.
Article content
While a ceasefire has largely held since early April, both countries continue to maintain a blockade of the Strait of Hormuz, making the key energy chokepoint virtually impassable. The disruption to about a fifth of the world’s oil flows has been dubbed the biggest supply shock in history by the International Energy Agency.
Article content
English (US)