Is Iran’s Hormuz offer a sign of economic strain or a bid to buy time?

INTELLIGENCE SUMMARY

After months of using the Strait of Hormuz to exert pressure on global trade, Iran is facing mounting economic costs of its own — raising questions about whether its reported offer to reopen the waterway reflects a growing need for relief or an effort to buy time. A senior Iranian official told Reuters news agency on Tuesday that Tehran could reopen the strait within seven days if the US eased military pressure and lifted its blockade of Iranian ports. The proposal had been conveyed through medi