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US and Iran discuss phased end to conflict and reopening Strait of Hormuz

US and Iranian negotiators in New York are discussing a phased end to the conflict that would include reopening the Strait of Hormuz and ending the US economic blockade, according to sources cited by Reuters. No agreement has been finalized, and the negotiations remain difficult.

By DoomRadar · Published on DoomRadar . Updated .

Based on two sources with available article excerpts. Source-linked claims are not independent confirmation.

What happened

Context from the sources

The earlier memorandum’s failure means the current discussions follow a previously unsuccessful attempt to connect maritime access with sanctions relief. [2]

Explore the sources and reporting timeline

2 source links · 2 domains

These counts describe the references, not independent confirmations. Different outlets can repeat the same original report.

Source timeline

Oldest to newest among the available source dates, not a chronology of the incident. Article publication dates come from the source; other recorded dates may reflect when a link was found.

  1. Recorded source date: Sep 24, 2026, 10:31 PM UTC[1] SAD i Iran razmatraju postepeni izlazak iz sukoba: Kraj rata značio bi ponovno otvaranje Ormuskog moreuza i ukidanje američke ekonomske blokadenaslovi.netReferenced for: detail 1, detail 2, detail 3
  2. Article published: Sep 25, 2026, 6:14 AM UTC[2] Cena nafte pala nakon vesti o pregovorima SAD i Iranablic.rsReferenced for: detail 2, detail 4

Questions answered by the reporting

What would the proposed arrangement cover?

The reported framework would pair Iran allowing navigation through the Strait of Hormuz with removal of the US economic blockade. [1][2]

Has the arrangement been agreed?

No. The sources describe ongoing negotiations and say it is unclear what has changed since an earlier memorandum failed. [1][2]

What this could mean for you

Deliveries & freight

Vessels could face continued uncertainty about passage through the Strait of Hormuz.

The proposed reopening remains conditional on a broader US-Iran arrangement, and the talks have not produced a confirmed agreement.

Reported basis: [1][2] · The possible effect is interpretation.

Depends on: Negotiations fail or the parties continue withholding their respective concessions.

Fuel

Oil-market volatility could continue to affect fuel costs indirectly.

The reported negotiations moved Brent and WTI futures, showing that market pricing is responding to expectations about the conflict and maritime access.

Reported basis: [2] · The possible effect is interpretation.

Depends on: Talks produce further signs of progress or collapse without a confirmed operational change.

Possible time frame: days, if those conditions hold.

Possible consequences, not a forecast. Their relevance depends on your location and the conditions above.

For your country

Choose a country to check how this event could affect you.

What changes the outlook

Risk increases if…

The negotiations break down without a replacement for the failed June memorandum.

The parties retain their leverage and continue the conflict while maritime access remains unresolved.

Pressure eases if…

The United States and Iran finalize the reported package linking navigation through the Strait with removal of the economic blockade.

A confirmed operational reopening of the Strait follows an agreement.

Still unclear

The sources do not establish whether the Strait is currently fully or partly closed, or when any reopening would begin.

It is unclear what changed since the June memorandum failed and whether the negotiators can reach a finalized agreement.

Market implications

Market impact

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Sources (2)

References for the reported details. Separate links do not necessarily mean independent confirmation.

[1] SAD i Iran razmatraju postepeni izlazak iz sukoba: Kraj rata značio bi ponovno otvaranje Ormuskog moreuza i ukidanje američke ekonomske blokade ↗naslovi.net · Recorded source date: Sep 24, 2026, 10:31 PM UTC
Available excerpt
Američki i iranski pregovarači u Njujorku razmatraju postepeni put ka okončanju sukoba koji bi podrazumevao ponovno otvaranje Ormuskog moreuza za plovidbu i ukidanje američke ekonomske…
A short excerpt from our source record; open the original for the full article.
[2] Cena nafte pala nakon vesti o pregovorima SAD i Irana ↗blic.rs · Article published: Sep 25, 2026, 6:14 AM UTC
Available excerpt
Radojko Vratonjić Social media manager i novinar rubrike Biznis Pregovori uključuju dogovor da Iran omogući plovidbu Ormuskim moreuzom u zamenu za ukidanje američke pomorske blokade…
A short excerpt from our source record; open the original for the full article.

AI-assisted analysis · . Based on linked headlines and available excerpts. Methodology · Report an error.