Iran Offers US Deal to Reopen Strait of Hormuz Within Seven Days

Iranian Foreign Minister Abbas Araghchi announced at the United Nations in New York that Tehran has presented Washington with a proposal to reopen the Strait of Hormuz within seven days. The offer was delivered to the United States through Qatar, and Araghchi placed the decision squarely on Washington.

Conditions and the June MOU

Araghchi told reporters the strait could be reopened if the necessary conditions are met, adding that all required steps are already spelled out in a memorandum of understanding the two countries signed in June. He stated: “If there is seriousness on the US side to come to a deal and reopen the Strait of Hormuz, everything is now prepared.” A US official told BBC News that positive discussions were taking place through mediators, including on nuclear issues, but added that the United States was not in a rush given its strong position.

Background: War and the Strait’s Closure

The crisis dates to February 28, when US and Israeli air strikes targeted Iran. Tehran responded by attacking Israel and American bases in the Gulf, and by blocking the Strait of Hormuz—a waterway through which roughly 20% of the world’s oil and liquefied natural gas once flowed. The closure triggered sharp energy price swings and increased pressure on the Trump administration ahead of Congressional elections in November. Earlier this week, President Trump threatened to annihilate the Islamic Republic, which prompted Araghchi’s diplomatic response from the UN stage.