Iran offers US deal to reopen Strait of Hormuz in seven days
Iranian Foreign Minister Abbas Araghchi says Tehran proposed a deal via Qatar to reopen the Strait of Hormuz within a week under June MOU terms.
Stock photo for illustration only, not from the actual event
- Iran has proposed a deal delivered via Qatar to reopen the Strait of Hormuz within seven days.
- The plan relies on conditions outlined in the memorandum of understanding signed in June.
- Reports indicate US President Donald Trump has rejected the proposal, viewing air strikes as likely.
- Iran's president stated the country will now allow UN nuclear inspectors to enter.
Iranian Foreign Minister Abbas Araghchi announced to reporters at the United Nations in New York that his country has put forward a proposal to the United States to reopen the Strait of Hormuz within a week, provided that the necessary conditions outlined in a June memorandum of understanding (MOU) are met.
A US official informed the BBC that positive discussions are underway through mediators regarding various topics, including nuclear issues. Although the US has not yet issued an official response, the Wall Street Journal reported, citing US officials, that President Donald Trump has rejected the deal, remaining sceptical that Iran would meet his demands and suggesting that a renewed bombing campaign is likely.
Stock photo for illustration only, not from the actual event
Tensions escalated after the US and Israel launched air strikes on Iran on February 28, prompting Tehran to block the Strait of Hormuz and attack regional targets. With roughly 20% of the world's oil and liquefied natural gas previously transiting through the strait, its closure has triggered wild energy price fluctuations and heightened pressure on President Trump ahead of the November congressional elections.
"If the necessary conditions are met, the strait can be reopened, a normal maritime passage restored within seven days."
Abbas Araghchi
The June 18 MOU between the US and Iran was designed as a 14-point ceasefire framework incorporating sanctions relief, an end to the naval blockade, and assurances that Iran would never acquire nuclear weapons. However, the agreement collapsed rapidly as hostilities resumed. This latest diplomatic overture comes as global shipping continues to face major disruptions from regional conflicts and Houthi activity near the Bab al-Mandab Strait.
Rejecting allegations regarding nuclear weapon development, the Iranian president stated that the nation is prepared to welcome UN nuclear inspectors to resolve specific topics during negotiations. Meanwhile, shipping data from Kpler indicates that transit averages have hovered around 18 vessels per day recently, dropping as low as nine on certain days.
Source: BBC World
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