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Iran Offers US Seven-Day Plan to Reopen Strait of Hormuz

Confirmed

World Desk

In Short: Iran's Foreign Minister Abbas Araghchi said Tehran has proposed a plan to reopen the Strait of Hormuz within seven days if certain conditions are met.

Iran offers seven-day plan to reopen Hormuz, restart nuclear talks
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Iran's Foreign Minister Abbas Araghchi said on Thursday that Tehran has proposed a plan to reopen the Strait of Hormuz within seven days if certain conditions are met. Speaking at the United Nations General Assembly in New York, Araghchi outlined the proposal, which would see the strait reopened to maritime navigation once agreed upon.

Araghchi told reporters that the plan, conveyed through intermediaries, resembles a previous memorandum of understanding (MoU) signed in June. The MoU briefly eased tensions but broke down when Iran fired on commercial ships it accused of deviating from approved routes.

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The new proposal, according to analysts, would give Iran and Oman a key role in managing the strait before broader peace talks could commence. Iran has previously insisted on lifting US sanctions and ending naval blockades before engaging in broader discussions.

Araghchi emphasized that the Strait of Hormuz is a red line for Iran and that the current offer may be the last chance before the US midterm elections.

The US, which claims to be in control of the strait, wants Iran to address its nuclear program immediately. However, Iran has set conditions, including the release of frozen assets estimated at $12 billion and the lifting of sanctions on Iranian oil.

The proposal also calls for a cessation of hostilities in the Middle East, including in Yemen and Lebanon, for seven days. Iran's Revolutionary Guards spokesman, Hossein Mohebi, confirmed that ending hostilities in Yemen is among Tehran's demands.

Shipping data shows a recent 10-day average of about 18 transits per day through the strait, with daily numbers dropping as low as nine vessels on certain days.

Background

Iran's Revolutionary Guards Navy says it struck a Togo-flagged tanker in the Strait of Hormuz, claiming the vessel was making an illegal passage.

Iran's Islamic Revolutionary Guard Corps (IRGC) says it struck a Togo-flagged tanker attempting an 'illegal passage' through the Strait of Hormuz.

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