Iranian Foreign Minister Abbas Araghchi announced that Iran has proposed a deal to the United States that would allow the Strait of Hormuz to be reopened within a week. Araghchi made this statement to reporters at the United Nations in New York, indicating that the reopening is contingent upon meeting certain conditions outlined in a memorandum of understanding (MOU) signed in June. He stated, "The choice now rests with the United States," and mentioned that the proposal was communicated to the US through Qatar.
A US official confirmed to the BBC that positive discussions are ongoing through mediators, including topics related to nuclear issues. This announcement follows a series of military actions, including air strikes by the US and Israel on Iran on February 28, which prompted Iran to retaliate by attacking US bases and allies in the Gulf and blocking the Strait of Hormuz.
Prior to the conflict, approximately 20% of the world's oil and liquefied natural gas transited through the strait, and its closure has led to significant fluctuations in energy prices. The situation has increased pressure on President Donald Trump to resolve the conflict, especially with Congressional elections approaching in November.
Araghchi reiterated that if the necessary conditions are met, the strait could be reopened, restoring normal maritime passage within seven days. He did not specify the actions he expected from the US but noted that they are already included in the MOU. He expressed confidence that if the US is serious about reaching a deal, preparations are in place.
A US official responded that the US is in a strong position regarding control of the Strait of Hormuz and is not in a hurry to reach an agreement. The MOU signed on June 18 aimed to establish a ceasefire and partially reopen the strait, stating that Iran would not pursue nuclear weapons and that military operations would cease. However, the agreement collapsed shortly after as both sides resumed hostilities.
Iran has reportedly attacked vessels it claims attempted to cross the Strait of Hormuz without authorization, while the US has targeted Iranian sites in the area and maintained a blockade of Iranian ports, significantly impacting the Iranian economy. Trump has claimed success in maintaining oil flow through the strait, with recent shipping data indicating an average of about 18 transits per day, although numbers have fluctuated.
In related developments, Yemen's Houthis, allied with Iran, have intensified attacks aimed at disrupting oil exports from Saudi Arabia, seizing strategic areas along the Red Sea coast. Reports suggest that Saudi Crown Prince Mohammed bin Salman has sought military support from Trump in response to these developments.
During a speech at the UN General Assembly, Trump expressed optimism about reaching a deal with Iran post-elections, stating, "Will a deal be made with Iran that lets them rebuild and create a far greater country than it ever was before?" He also mentioned the potential for a more aggressive approach if negotiations fail, stating, "Or do I annihilate the Islamic Republic and do it quickly, never giving them a chance to kill and destroy people and countries again?" Araghchi responded by asserting that Iran does not accept coercion or threats, emphasizing that peace cannot be achieved through intimidation.