Iran Proposes Deal to Reopen Strait of Hormuz Within Seven Days, Citing June Agreement

Iranian Foreign Minister Abbas Araghchi announced that Tehran has presented a proposal to Washington to reopen the Strait of Hormuz within seven days.

Speaking to reporters at the United Nations in New York, Araghchi stated the reopening could proceed “if the necessary conditions are met,” adding that these conditions are detailed in a memorandum of understanding (MOU) signed in June.

“The choice now rests with the United States,” he said, noting the proposal was conveyed through Qatari mediators.

In response to the Iranian offer, a U.S. official told the BBC that constructive discussions are underway via intermediaries, covering nuclear matters among other issues. The prospect of a deal comes despite heightened rhetoric earlier this week, when President Donald Trump threatened to “annihilate the Islamic Republic.”

Tensions escalated sharply on February 28, when the U.S. and Israel conducted air strikes on Iran. Tehran retaliated with attacks on Israeli territory, U.S. bases in the Gulf, and allied Arab states, while also blockading the Strait of Hormuz.

Prior to the conflict, approximately 20% of global oil and liquefied natural gas shipments transited the strait; its closure has triggered severe volatility in energy markets.

The disruption has intensified pressure on the Trump administration to resolve the crisis, particularly with U.S. congressional elections approaching in November.

“If the necessary conditions are met, the strait can be reopened and normal maritime passage restored within seven days,” Araghchi reiterated.

He declined to detail the specific steps required of Washington but emphasized that “the actions the United States should take are not new; they are all already in the MOU.”

“I can tell you that if there is seriousness on the U.S. side to reach a deal and reopen the Strait of Hormuz, everything is now prepared,” he added.

A U.S. official countered that Washington is “in a very strong position with control of the Strait of Hormuz, so we are not in a rush.”

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