Araghchi says Hormuz could be reopened within two days if conditions met

Iranian Foreign Minister Abbas Araghchi has stated that the Hormuz Strait could be reopened within two days if certain conditions are met, according to an interview with Al Jazeera. The conditions include Iran's recognition of a new shipping route in the Strait of Hormuz, which was jointly designated by Iran and Oman, as well as lifting of US sanctions imposed on Iran following the collapse of the Islamabad Memorandum of Understanding (MoU) in July.

Additionally, the US military presence in the region must be reduced, the oil waivers granted in June under the MoU need to be reinstated, frozen Iranian funds, including those held in Qatar, must be released, and the US must formally recognize the new shipping route. The plan currently being discussed is Iran's original "Iran seven-day plan," which was initially presented.

However, Qatar requested to shorten this time frame from seven days to five days or less. After discussions during a visit by a Qatari delegation, the plan's implementation time has been reduced to just two days.