Iran proposes phased Hormuz reopening but rejects key US nuclear demands

Iran proposed a phased reopening of the Strait of Hormuz as part of its response to the latest US proposal, but rejected key US demands regarding its nuclear program. Iran offered to dilute part of its enriched uranium stockpile and transfer the remaining material to a third country. It linked the reopening to the lifting of the US maritime blockade and a broader ceasefire arrangement.