Oil prices fell Friday after Iran put forward a proposal to reopen the Strait of Hormuz, according to TF1 Info. The French outlet reported the decline in a live update on Middle East developments dated September 25, 2026.
RTL reported that Iran's offer would see the strait reopened within seven days, subject to seven conditions the country has set out. Les Echos reported that the United States and Iran are considering a phased agreement to restore passage through the waterway. The details of those conditions were not available in the source material.
The prospect of the strait reopening also fed through to markets. Zonebourse described a positive bias on Wall Street alongside the drop in oil prices.
Separately, franceinfo reported that a coalition of 80 countries appealed at the United Nations for the "restoration of navigation rights" in the Gulf. The Strait of Hormuz is a key route for global oil shipments, and any disruption to transit through it affects energy markets.
What to watch next: whether Washington and Tehran confirm the phased arrangement described by Les Echos, and whether the seven conditions set by Iran are made public.
