- A senior Iranian official told Kyodo and Reuters that Iran can reopen the Strait of Hormuz within seven days if the US lifts its port blockade and eases military pressure.
- The proposal was delivered to Washington through mediators on September 16.
- Iran previously tied reopening the strait to ending the US blockade.
- Iranian sources later called the reports inaccurate and invalid.
- Oil prices dropped more than 1% early Tuesday; Brent fell near $100/barrel the previous day.
- US crude futures hit $89.60/barrel on Tuesday.
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