US, Iran explore phased deal to reopen Hormuz, lift economic blockade: Report
- Posted on September 24, 2026
- By Business News Today
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- 1 min read
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US, Iran explore phased deal to reopen Hormuz, lift economic blockade: Report
Negotiators from the US and Iran are discussing a phased resolution to their ongoing conflict. This approach could involve Iran reopening the Strait of Hormuz in exchange for lifting the US economic blockade. The talks face challenges as both parties are reluctant to give up leverage without tangible returns. Tensions remain high, and Gulf leaders are concerned about Iranian control over strategic waterways.
