Iran Offers Deal to Reopen Strait of Hormuz in Seven Days
Iran has offered to reopen the Strait of Hormuz and resume talks on its nuclear program in seven days if the US lifts its naval blockade, waives sanctions on Iranian oil sales, and observes a ceasefire that includes Lebanon.
The proposal, conveyed by mediators to the US, resembles the June Memorandum Of Understanding but with an accelerated timetable. The earlier agreement had called for a 60-day interim period, which quickly collapsed as Iran resumed attacks on shipping in the strait.
Trita Parsi, executive vice president of the Quincy Institute think tank, who attended a private gathering where Iranian Foreign Minister Abbas Araghchi detailed the proposal, said Mr. Araghchi suggested that a speedy agreement would help US President Donald Trump ahead of November's midterm elections.