Iran proposes plan to US to reopen Hormuz in seven days and end the war

Iran has proposed a seven-day plan to reopen the Strait of Hormuz and resume nuclear talks with the US, contingent upon the lifting of a naval blockade, the waiving of oil sanctions, and an end to the ceasefire. Foreign Minister Abbas Araghchi detailed the proposal at a private gathering during the UN General Assembly, stating that Iran would be ready to implement it if the US accepted it.

The conditions proposed by Iran resemble those of a previous Memorandum of Understanding signed in June, which subsequently fell through. The proposal has led to a drop in oil prices, with Brent crude falling to $105. Iranian officials have not commented on the details of the proposal, but the military hard-liners within Iran have dismissed it.

Meanwhile, Araghchi met with UK Foreign Secretary Ed Miliband to accuse certain European nations of supporting US and Israeli military aggression against Iran. On a separate note, Iranian President Masoud Pezeshkian held talks with Qatari Prime Minister Sheikh Mohammed bin Abdulrahman bin Jassim Al Thani in New York, as Qatar continues to mediate between the US and Iran, including through indirect talks at the UN.

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