Qatari mediators carry amended Hormuz proposal after Trump rejection

Iranian Foreign Minister Araghchi met Qatari mediators in New York on Monday to advance an amended seven-day proposal linking Strait of Hormuz reopening to sanctions relief and asset unfreezing, after Trump called the framework unacceptable.^[1][2] Middle East crude exports climbed to their highest since February at roughly 12.8 million barrels per day, yet remain well below pre-conflict volumes even with Saudi rerouting.^[3]

Bitcoin trades near 83,000 dollars with modest exchange outflows and contained leverage, while 10-year yields sit above 5.25 percent and Brent holds elevated near 99 dollars.^[4] The talks' failure to shift positions leaves the supply gap intact, sustaining inflation pressure that reinforces higher-for-longer rates. The open question is whether mediators can extract nuclear concessions fast enough to alter energy flows before the next retarget window closes.