Iran proposes a deal to reopen the Strait of Hormuz in 7 days if the US meets its conditions

Iran has put forward a proposal to reopen the Strait of Hormuz and resume nuclear program talks within seven days, contingent upon the United States lifting its naval blockade, waiving sanctions on Iranian oil sales, and observing a ceasefire including Lebanon. Iranian Foreign Minister Abbas Araghchi briefed reporters about the proposal at the United Nations, stating that it would restart stalled nuclear talks with the U.S. if accepted.

The seven-day timeline begins upon the U.S. acceptance, with initial steps taking about four to five days and the strait opening on the sixth day. Talks with the U.S. are expected to commence on the seventh day regarding mutually agreed subjects. Iran's disruption of the Strait of Hormuz, which once facilitated a fifth of the world's traded oil and gas, has been a significant leverage point.

The White House stated that U.S. officials are holding positive and constructive conversations with mediators regarding the Iran war. Saudi Arabia expressed skepticism about the proposal, while Qatar remains a key mediator. Iran's leadership includes divisions, with hard-liners potentially preferring to escalate the war for more concessions from the U.S.