Iran Appears to Drop Demand to Control Hormuz Strait in Latest Proposal to the U.S.: Report

Iran's latest proposal to the U.S. involves refraining from strikes against vessels belonging to Gulf states in exchange for the unfreezing of billions in funds held in Qatar, according to a new report.

Israeli outlet Israel Hayom detailed that Qatar Prime Minister Minister Sheikh Mohammed bin Abdulrahman Al Thani is set to present the offer to President Donald Trump on Monday.

In exchange, the U.S. would have to agree to lift the naval and economic blockade against the country, and release some $8 billion frozen in Qatar.

The outlet went on to detail that Vice President JD Vance, along with envoys Steve Witkoff and Jared Kushner, are seeking to advance negotiations to an agreement similar to the memorandum of understanding signed by both countries in May, but which quickly unraveled. Vance has publicly criticized the war after the Republican party's historic defeat in the midterms, saying it was the main factor influencing it.

Trump, on his end, said in an interview with CNN that renewed attacks against Iran are "highly unlikely" at the moment. He claimed tha the favors refraining from returning to a full-fledged conflict while talks to curb Tehran's nuclear program continue. "It depends on whether or not they sign a very strong agreement," the president told the outlet.

However, he also renewed threats against the country, saying the U.S. has three aircraft carriers in the region and they are "fully locked and loaded." "We have 38 bridges in our site that we can knock down in literally one hour," Trump added.

Iranian Foreign Minister Abbas Araghchi urged the U.S. to accept Tehran's latest offer, threatening with escalation if Washington doesn't.

"American voters have made their choice. Time for the White House to make its own. Our 2-day proposal stands: meet the requirements, including end to war on all fronts, and you will see results. Or choose war, and see our alert and battle-hardened Warriors rain down hell," Araghchi wrote on X on Sunday.

Democrats vowed to end the war after the party's resounding victory, demanding that the administration take immediate steps to bring the conflict to a conclusion.

"One of the first things that needs to happen now, not even waiting until we get to January 3rd of the new Congress...is that the president and the administration should end this reckless and costly war of choice in Iran," Democratic House Leader Hakeem Jeffries said in an interview with CNN.

Democratic Senate leader Chuck Schumer echoed the sentiment. "We are going to end the war," he said at a news conference in Washington, D.C. "We have some Republicans already who have joined us in ending the war, and the Founding Fathers had the power of the purse as one of the ways of deterring a president who does war without the consent of the American people."