Iran offers US plan to reopen Strait of Hormuz

Iran's Foreign Minister, Abbas Araghchi, has proposed a seven-day plan to reopen the Strait of Hormuz, according to reports. The plan involves a cessation of hostilities in the Middle East, the release of frozen Iranian assets, and the lifting of sanctions on Iranian oil. If the conditions are met, the strait could be reopened within a week, restoring normal maritime passage.

However, the decision lies with the United States, which has yet to respond publicly. Iran has insisted it will not yield to coercion, threats, or intimidation, and will not surrender its sovereign rights under pressure. The proposal comes after previous diplomatic efforts failed to end the ongoing conflict, which began on February 28th.

Iran has warned it will not compromise on its nuclear program, even if the US agrees to the peace deal. The US and China have also discussed the issue at their summit, with China urging both sides to return to the June framework agreement and continue negotiations towards a broader settlement.