CairoIran offered to reopen Hormuz shipping, Russian state news agency TASS reported.

Hormuz traffic ran 11% below normal as of 18 October, and Brent reached $116.70 on 23 October.

Unnamed sources say Tehran asked Pakistani mediators to trade shipping for an end to the US blockade of its ports.

Iran has not commented, TASS said, though it reportedly told Pakistan it is ready to resume talks.

Polymarket traders give a US-Iran Hormuz agreement by 2 November a 4% chance.

How each outlet framed it
TASS
relays the Iranian reopening-for-blockade-lift offer via Pakistani mediators, citing Al Arabiya sources, with no Iranian confirmation

Sources: TASS