Iran proposed reopening the Strait of Hormuz within seven days if the U.S. eases blockades and military operations, driving recent market optimism and sending oil to its lowest level in weeks. Accompanying data shows WTI Crude trading down 2.62% at 89.95, Brent Crude down 2.13% at 98.20, and Natural Gas down 0.56% at 2.820, while Murban Crude rose 3.80% to 114.2.