Iran Offers 7-Day Deal to Reopen Strait of Hormuz Amid Economic Pressure
Iran has proposed a deal to reopen the Strait of Hormuz and resume nuclear talks within seven days, provided that the US lifts its naval blockade and waives sanctions on Iranian oil sales. The proposal was made by Iran's foreign minister Abbas Araghchi during a private gathering at the UN General Assembly in New York.
Araghchi suggested that a speedy agreement would help US President Donald Trump ahead of November's midterm elections, according to Trita Parsi, executive vice president of the Quincy Institute think tank. The deal would also alleviate economic pressure on Tehran, which has been impacted by the US sanctions.
The proposal closely resembles the Memorandum Of Understanding reached in June, but with an accelerated timetable. However, it is unclear whether the hardliners who dominate Iran's security forces will accept compromises championed by relative moderates like President Masoud Pezeshkian.