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

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 mil