A post by @FirstSquawk on X.

Al Arabiya sources report a proposed framework under which the Strait of Hormuz would reopen and the naval blockade be lifted immediately, with the U.S. releasing $6 billion to $9 billion in Iranian assets if an agreement is reached. The Strait of Hormuz is the world's most important oil chokepoint, so its reopening would ease supply concerns that have underpinned crude prices and Gulf risk premiums. The asset release would also signal a broader de-escalation between Washington and Tehran, potentially softening sanctions pressure on Iranian crude exports. Traders will watch for official confirmation from both governments, the timing of any blockade lift, and whether the unfrozen funds translate into higher Iranian oil flows.