Iran Proposes Deal to Reopen Strait of Hormuz Within Seven Days
Iranian Foreign Minister Abbas Araghchi revealed that his country has proposed a deal to the US, aiming to reopen the Strait of Hormuz within seven days. The proposal was made in response to ongoing tensions between the two nations, which have led to increased oil prices and disruptions to global shipping.
The MOU signed in June outlined terms for a ceasefire and partial reopening of the strait, including Iran's commitment to never develop nuclear weapons and the US's agreement to lift sanctions. However, the deal fell apart after both sides resumed military operations.
Araghchi emphasized that the necessary conditions for reopening the strait are contained within the MOU, and that it is up to the US to accept them. He noted that the situation has become increasingly urgent due to recent Houthi attacks on Saudi oil installations, which have put further pressure on Trump to find a resolution.