Iran Offers Deal to Reopen Strait of Hormuz in Seven Days
Iran has proposed a deal to reopen the Strait of Hormuz and resume nuclear talks in seven days, contingent on the US lifting its naval blockade, waiving sanctions on Iranian oil sales, and observing a ceasefire that includes Lebanon.
The proposal, outlined by Iran's Foreign Minister Abbas Araghchi at a private gathering in New York, echoes a previous Memorandum of Understanding but with an accelerated timeline. The earlier agreement had called for a 60-day interim period before collapsing as Iran resumed attacks on shipping in the strait.
US President Donald Trump has expressed skepticism about rushing to a deal, citing concerns over high oil prices and their impact on inflation and cost of living. However, Trita Parsi, executive vice president of the Quincy Institute think tank, suggests that if Trump sees an opportunity to gain political benefit before November's midterm elections, he may show flexibility.
The proposal also raises questions about whether Iran's hard-liners will accept compromises championed by moderates like President Masoud Pezeshkian. Parsi noted 'deep suspicion' around the prospect of Iran merely buying time to ease its economic pain.