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The Economic Times

Business / The Economic Times

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Where things stand after Iran's new pitch for deal to open Strait of Hormuz

Iran's president and foreign minister proposed a deal to the US to end fighting and assist diplomacy. They seek the lifting of sanctions, access to funds, and the opening of the Strait of Hormuz. Ongoing indirect talks indicate both sides are willing to negotiate despite rising tensions. The urgency for Iran reflects its economic struggles and the upcoming US midterm elections.

26 Sep 2026 3:45 pm