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India’s Charge d’affaires to the UN, Ambassador Yojna Patel, underscored that maritime security remains central to global stability and economic prosperity.

Efforts to end the West Asia conflict appeared stalled, with US saying it is considering Tehran’s proposal to unblock the Strait of Hormuz, even as Iran insisted US could no longer dictate terms.

Earlier in the day, Iran offered to end its chokehold on the Strait of Hormuz in exchange for the US lifting its blockade on the country and ending the war.

According to a report by news outlet Axios, nuclear discussions would "begin only at a later stage," specifically after the maritime passage is cleared and the blockade is removed.

Ships have increasingly travelled through the Panama Canal as shipments are rerouted and buyers purchase from other countries to avoid commerce through the Strait of Hormuz.

The move intensified the US - Iran standoff in the Persian Gulf and raised questions about efforts to end the war.