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Iran has offered to end its control over the Strait of Hormuz if the U.S. lifts its blockade and ends the war. That's according to regional officials. The proposal that emerged Monday would delay discussions on Iran’s nuclear program. U.S. President Donald Trump seems unlikely to accept the offer, and Secretary of State Marco Rubio appeared to rule out any deal that excludes Iran's nuclear program. The blockade prevents Iran from selling oil, affecting global prices and economies. Trump extended a ceasefire with Iran, but a permanent settlement remains elusive. In other developments, Iranian Foreign Minister Abbas Araghchi met with Russian President Vladimir Putin to discuss the situation.

Iran has offered to end its chokehold on the Strait of Hormuz without addressing its nuclear program. Two officials with knowledge of the proposal said Monday that Iran also wants the United States to ends its blockade of the country as part of its proposal. Oil prices are gaining Monday after negotiations between the U.S. and Iran stalled over the weekend and a standoff in the strait remained despite a ceasefire. Iran’s foreign minister is in Russia Monday to meet President Vladimir Putin as part of a trip that included two stops in Pakistan and a visit to Oman. Pakistan's leaders are working to bridge significant gaps between the two countries to revive the talks.