Iran's Plan for Reopening Hormuz Strait Faces Uncertain Future

Iranian President Masoud Pezeshkian announced that the country's supreme leader, Mojtaba Khamenei, supports a new plan to reopen the strategic Strait of Hormuz. The strait is crucial for global oil supply and has been at the center of the conflict between Iran and the US.

Pezeshkian stated in an interview with CBS that the plan was coordinated with the supreme leader and would only be implemented if the US agrees to it. He emphasized that a six-member team in Iran, representing various organizations including the military, parliament, and government, has been meeting to discuss the proposal.

The plan calls for the release of frozen Iranian assets worth at least $12 billion, the lifting of sanctions on Iranian oil, and an end to the US naval blockade of Iran. Iranian Foreign Minister Abbas Araghchi confirmed that the conditions outlined in the plan are similar to those laid out in a memorandum of understanding signed with the US in June.

However, it remains unclear whether the US will accept the proposal, as President Donald Trump reportedly rejected it earlier. The outcome of this situation is still uncertain and may have significant implications for global oil markets and international relations.