Axios first reported the offer, citing a US official and two sources familiar with the matter.
The deal, passed to the Americans by Pakistan, also postpones nuclear negotiations for a later stage.
It is uncertain if President Donald Trump will accept the offer as ending Iran’s uranium enrichment is one of the US leader’s war goals.
America’s control over the Strait of Hormuz is also one of the US’ leverages in the conflict. Trump has said the strait would be “Sealed up Tight” until such time as Iran is able to make a deal.
Control for the waterway has been contested since the war between the Iran and US/Israel broke out in February.
Iran’s de-facto blockade of the strait crippled oil flow worldwide, hiking prices and forcing governments to take hard-biting energy conservation measures.
The US blockade, on the other hand, is designed to prevent Iran from selling its oil, depriving it of crucial revenue while also potentially creating a situation where Tehran has to shut off production because it has nowhere to store the oil.
Ongoing diplomatic talks to ease tensions between the warring countries have been locked in a stalemate.
Trump is expected to hold a situation room meeting on Iran on Monday with his top national security and foreign policy team.
According to the Axios report, a source said Trump’s team would discuss the stalemate in the negotiations and potential next steps.
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