Iran has presented a new three-phase proposal to the United States aimed at reopening the strategic Strait of Hormuz while postponing nuclear talks, according to multiple reports. The proposal includes a peace framework designed to end ongoing conflicts and has been conveyed through various channels, including communications with Pakistan. This development comes amidst rising market reactions, with oil prices paring gains and stock markets rising following the news. Notably, former President Donald Trump has reiterated calls for dialogue with Iran, following the cancellation of a visit by a Pakistan envoy.