Iran Offers Seven-Day Plan to Reopen Strait of Hormuz
Iranian Foreign Minister Abbas Araqchi says a proposal to reopen the Strait of Hormuz remains available to the United States pending the removal of sanctions.
Foreign Minister Abbas Araqchi announced that Iran's proposal to reopen the Strait of Hormuz within seven days remains available to the United States. Submitted in mid-September after an interim ceasefire collapsed, the plan requires Washington to lift blockades on Iranian ports, remove oil export sanctions, and end regional hostilities.
Negotiations remain stalled as the United States prioritizes Iran's nuclear program. Vice President JD Vance has demanded a meaningful reduction in uranium enrichment capacity as a condition to end the eight-month war.
Maritime violence has escalated over the last two weeks, contributing to rising global energy prices and inflation. The Islamic Revolutionary Guard Corps Navy reported that two oil tankers caught fire after hitting naval mines, though these reports are unconfirmed. Additionally, maritime officials reported the sinking of a container ship and a dry bulk carrier following projectile strikes.
