Qatar is pushing an interim agreement that would release $8 billion in frozen Iranian funds, lift the US naval blockade and reopen the Strait of Hormuz, with Iran agreeing to stop attacks on Gulf shipping. The proposal is reportedly on the table ahead of Trump’s meeting with Qatar’s prime minister today, but neither Washington nor Tehran has confirmed the reported $8 billion terms. The dispute has been building for months: Iran effectively closed the strait in March, the US imposed a naval blockade, and a previous June agreement collapsed. Iran now wants the blockade and sanctions lifted before wider negotiations, while Washington insists nuclear inspections must be addressed. Trump is signaling that renewed strikes are unlikely if talks progress, but the US has rejected Tehran’s latest proposal and officials say a deal is not imminent. Brent crude fell about 3.6% to $94 a barrel Monday morning, reflecting hopes that shipping could resume.
BREAKING: The US and Iran are considering an $8 billion deal to reopen the Strait of Hormuz.
Under the proposal:
1. The US releases $8 billion in frozen Iranian funds.
2. The US lifts its naval blockade on Iran.
3. Iran reopens the Strait of Hormuz.
4. Iran stops attacks on… pic.twitter.com/ZcvJW53GMf— Bull Theory (@BullTheoryio) November 9, 2026
https://www.theguardian.com/world/2026/nov/07/strait-of-hormuz-qatar-plan-iran-nuclear-inspections
https://www.iranintl.com/en/202611092383
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