Iran Offers 7-Day Plan to Reopen Strait of Hormuz; Trump Rejects It
Iran's foreign minister set out the conditions; the US president rejected the proposal and said the naval blockade would stay.
Iran's Foreign Minister Abbas Araghchi said on the sidelines of the UN General Assembly that Iran had presented a plan to reopen the Strait of Hormuz and restart nuclear talks within seven days.
Iran's conditions
Under the plan, the United States would lift its naval blockade of Iranian ports, waive sanctions on oil sales, release frozen assets and observe a ceasefire on all fronts, including Lebanon. In return, Iran would reopen the strait and begin nuclear negotiations with Washington.
Why it matters
About a fifth of the world's oil passes through the Strait of Hormuz, so a closed strait puts pressure on global energy markets.
The US response
US President Donald Trump reportedly rejected the seven-day proposal and said he expects military strikes to resume after the midterm elections. Washington said it has no intention of lifting the maritime blockade.
Context
The plan resembles a 17 June memorandum that collapsed a month later. The war between the US–Israel and Iran has continued for months.
In brief
- Who: Iran FM Abbas Araghchi (at the UN)
- Plan: reopen Hormuz in 7 days
- Condition: blockade, oil sanctions, ceasefire
- US: Trump rejected it, blockade stays
