Iran submits plan to US for reopening Strait of Hormuz within seven days based on June MoU - report
Araghchi added that this deal would build on June's Memorandum of Understanding between the two countries, and would only be implemented if certain conditions were met.
Iran has proposed to the United States a plan to reopen the Strait of Hormuz within seven days, according to Iranian Foreign Minister Abbas Araghchi's statement at the United Nations General Assembly in New York. The proposed deal builds upon the June Memorandum of Understanding between the two nations and is contingent upon certain conditions being met.
Araghchi expressed a preference for the opening to occur before the midterm election but emphasized that Iran is not in a hurry and is not concerned about the timing. Upon acceptance of the deal by the US, the plan would commence the following day, with the Strait of Hormuz reopening within seven days. A White House official, however, stated that while positive discussions were taking place through mediators, the US remains in control of the Strait of Hormuz and is not in a rush to reopen it. Approximately 22 million barrels of oil departed through the Strait the previous night.
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