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The president also has floated a new plan to reopen the Hormuz, after the US warned shipping firms against paying Iran for safe passage.

According to sources cited by the media, Tehran allocated one more month for talks on its nuclear program

US President Donald Trump has offered some help to commercial shipping and competing plans for peace are said to be on the table.

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According to the news outlet, the US leadership’s decision to suspend Operation Project Freedom in the Strait of Hormuz is linked to progress in the negotiations

Washington has reportedly presented a one-page memorandum of understanding that would gradually reopen the Strait of Hormuz and lift the American blockade on Iranian ports.

According to the report, intensive contacts are currently underway on this issue, and that "a breakthrough in resolving the issue of ships blocked in the strait is expected in the…