Iran has offered to end its chokehold on the Strait of Hormuz in exchange for the U.S. lifting its blockade on the country and an end to the war, while proposing that discussions on the larger question of its nuclear program would come in a later phase,

In its latest offer delivered on Sunday, Iran proposed opening the key waterway to shipping traffic and lifting the U.S. blockade, while postponing the thornier nuclear issue until later.

Between 125 and 140 ships usually crossed in and out of ​the strait daily before the U.S.-Israeli war on Iran began on February 28, but only seven have ​done so in the past day, according to Kpler shi...