Iran offers to reopen Strait of Hormuz within 7 days if US lifts sanctions

Iran has proposed reopening the Strait of Hormuz within seven days if the United States lifts its naval blockade, waives oil sanctions, and observes a ceasefire including Lebanon. Foreign Minister Abbas Araghchi presented the offer Thursday in New York. The proposal, detailed at a private U.N. General Assembly gathering, resembles a June memorandum that collapsed after Iran resumed shipping attacks. Attendee Trita Parsi said Araghchi suggested a quick deal could aid President Trump before November midterms, though deep suspicion remains about Iran buying time. Trump has said he is in no rush, despite high oil prices fueling inflation. Hard-liners may resist compromises, while Qatar mediated indirect talks this week. Secretary of State Marco Rubio said the U.S. remains open to exchanging ideas.