Iran Strait of Hormuz offer could reopen the strategic waterway within seven days if the United States meets a series of conditions, Iran’s Foreign Minister Abbas Araghchi has said.
The proposal includes the removal of the US naval blockade, an easing of sanctions on Iranian oil sales and a ceasefire covering Lebanon.
Araghchi presented the proposal during a private meeting in New York on Thursday, held on the sidelines of the United Nations General Assembly.
He said Iran had sent the plan to the US through intermediaries.
Under the proposal, Iran would reopen the Strait of Hormuz on the seventh day after the conditions were met. Talks on Iran’s nuclear programme would also restart.
“We have introduced a plan to the United States through the intermediaries,” Araghchi said.
He added that the waterway would be opened and nuclear discussions would resume if the conditions were accepted.
The Strait of Hormuz is a major route for global oil shipments. Any disruption there can affect energy markets and international trade.
However, the proposal depends on several conditions being accepted by Washington.
The Iran Strait of Hormuz offer also links the reopening of the waterway to a ceasefire that includes Lebanon. Araghchi did not indicate in the remarks how quickly the US could respond to the proposal.
Trita Parsi, executive vice president of the Quincy Institute, attended the private meeting.
Parsi said Araghchi suggested that a rapid agreement could also benefit US President Donald Trump before the November midterm elections.
The remarks come amid wider tensions between Iran and the US over Tehran’s nuclear programme, sanctions and regional security.
For now, it remains unclear whether Washington will accept the conditions or whether the proposal will lead to renewed negotiations.
The Iran Strait of Hormuz offer therefore places the reopening of the waterway and the resumption of nuclear talks within the same proposed framework.
