The United States has reportedly offered to lift sanctions on Iran if Tehran reopens the Strait of Hormuz and halts attacks by proxy groups, the Jerusalem Post reported. The proposal comes amid tensions over Iran’s control of the strategic waterway and its regional influence, compounded by US and Israeli military actions in 2026. Markets suggest the offer reduces the likelihood that the US will charge fees for passage through Hormuz and could affect pricing around US-Iran ceasefire scenarios. The reported initiative also suggests Washington is prioritizing negotiations to curb Iran’s regional pressure activities rather than immediately pursuing a comprehensive peace agreement. Iran’s response, including comments from spokesperson Esmaeil Baghaei and Ambassador Azli, will be closely watched, as will any statements by Donald Trump or Marco Rubio. Markets are monitoring developments ahead of the August 31, 2026, decision on Hormuz fees, with further diplomatic moves potentially affecting current pricing trends.