Iran proposes reopening Hormuz within seven days: Media

Iranian Foreign Minister Abbas Araghchi announced to the media in New York that Iran has proposed to the United States to end their conflict and reopen the Strait of Hormuz within a week, on the condition that certain stipulations are met. The proposal was reportedly first disclosed by the Japanese news agency Kyodo, although Iranian authorities have not confirmed its authenticity. Araghchi engaged in talks with US President Donald Trump's envoy, Steve Witkoff, on Tuesday.

The proposed plan entails a cessation of hostilities in the Middle East for a period of seven days, including in Lebanon, the release of Iranian assets worth at least US$12 billion, the lifting of sanctions on Iranian oil, and the termination of the US naval blockade against Iran. If these conditions are satisfied on the seventh day, the Strait of Hormuz would be reopened.

Araghchi stated that Iran is awaiting a response from the United States and affirmed that China supports the proposal. During the same week, Chinese President Xi Jinping is visiting the United States for discussions with Trump. Hossein Mohebi, a spokesman for the Revolutionary Guards, Iran's military wing, disclosed to AFP that ending hostilities in Yemen was another demand from Tehran.

The US and Iran had previously signed a memorandum of understanding in June to end the war, reopen the strait, and initiate talks on Iran's nuclear program. However, the agreement was terminated following Iran's attacks on commercial ships in the Hormuz Strait, which it accused of deviating from a designated route through the waterway.

Iranian authorities claim that ships must obtain permission for passage due to security and sovereignty concerns, while the US occasionally bombs Iranian coastal regions in response.