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Iran Rejects US Plan to Reopen Strait of Hormuz
· Confirmed
In Short: Iranian Foreign Minister Abbas Araghchi said Tehran would wait for an official response from mediators after President Trump rejected an Iranian proposal to reopen the Strait of Hormuz.
Araghchi told reporters at the White House that Tehran “wants to make a deal where they open the Strait immediately because they're losing so badly.”
Araghchi confirmed on October 18 that the seven-day ceasefire proposal Tehran first circulated in September “remains on the table.” Under the plan, Hormuz would reopen on the sixth day and negotiations would begin on the seventh.
Iran has offered the United States a deal under which the Strait of Hormuz could be reopened and normal maritime traffic restored within seven days if certain conditions are met, Iranian Foreign Minister Abbas Araghchi has said.
Araghchi told media outlets, including The New York Times and The Guardian, that the strait could be reopened within seven days if certain conditions were met and talks resumed.
Both Iran’s and Oman’s territorial waters border the Strait of Hormuz, the key waterway through which about 20 percent of global oil consumption is normally shipped.
Araghchi said initial steps would take about four to five days to complete, and the strait would be open on the sixth day.
President Trump said on Saturday that he was rejecting an Iranian plan to reopen the Strait of Hormuz.
Araghchi told moderator Kristen Welker on Sunday that despite Trump’s public comments, the rejection had still not been officially communicated to Iran via mediators.
Araghchi told NBC News’ “Meet the Press” on Sunday that the issue of opening the Strait of Hormuz can be resolved as soon as possible.
Araghchi said that “the issue of opening the Strait of Hormuz can be resolved as soon as possible,” referring to the narrow waterway off Iran’s coast through which roughly a fifth of global oil supplies flowed before the conflict began on Feb. 28.
What this adds
Discussions had been aimed at ending conflict, reopening the Strait of Hormuz, and reviving negotiations over Iran’s nuclear program.
According to Fars, Washington agreed to release part of Tehran’s funds frozen abroad under international sanctions and to end its naval blockade of ships traveling to and from Iranian ports in exchange for ending the Hormuz blockade.
Background
Iranian Foreign Minister Abbas Araghchi said Tehran would wait for an official response from mediators after President Trump rejected an Iranian proposal to reopen the Strait of Hormuz.
What's confirmed
- He told reporters at the White House that Tehran "want to make a deal where they open the Strait immediately because they're losing so badly".
- NEW YORK: Iran has offered the United States a deal under which the Strait of Hormuz could be reopened and normal maritime traffic restored within seven days if certain conditions are met, Iranian Foreign Minister Abbas Araghchi has said.
What's still developing
- According to Fars, Washington agreed to release part of Tehran’s funds frozen abroad under international sanctions and to end its naval blockade of ships travelling to and from Iranian ports in exchange for ending the Hormuz blockade.
- Iran has previously outlined conditions for ending the conflict and reopening the strategic waterway.