Iran proposes reopening Strait of Hormuz in exchange for US lifting sanctions

Iran has presented a proposal to the United States that involves reopening the Strait of Hormuz and resuming nuclear program discussions within seven days, contingent upon the US lifting its naval blockade, waiving oil sanctions, and observing a ceasefire encompassing Lebanon. The proposal was conveyed to the US through intermediaries and outlines a seven-day roadmap for ending the conflict.

If Washington accepts the conditions, Iran would be prepared to implement the plan. The conditions mirror previous Memorandum of Understanding signed by Iran and the US in June, which ultimately failed. Iranian officials in Tehran, particularly hard-liners, have not commented on the specifics of the proposal, but oil prices dropped to $105 following the news of new US-Iran negotiations.

On Friday, Araghchi met with UK Foreign Secretary Ed Miliband during the UN General Assembly, criticizing "certain European nations" for their "destructive and irresponsible" actions and involvement in the US and Israeli military aggression against Iran. Additionally, Iranian President Masoud Pezeshkian held discussions with Qatari Prime Minister and Foreign Minister Sheikh Mohammed bin Abdulrahman bin Jassim Al Thani in New York, with Qatar continuing its efforts to mediate between the US and Iran, including indirect talks at the UN this week.

Former head of Israel's military intelligence research department Danny Citrinowicz suggested that Tehran perceives a political window opening in Washington, citing the US midterm elections and President Trump's potential incentives to reduce oil prices. However, Citrinowicz cautioned that Iran's stance should not be interpreted as a strategic retreat.