Iran Proposes Reopening Strait of Hormuz Within 7 Days if US Meets Conditions

Iran has proposed reopening the Strait of Hormuz and resuming nuclear talks within seven days if the U.S. lifts its naval blockade, waives oil sanctions, and observes a ceasefire including Lebanon. Foreign Minister Abbas Araghchi detailed the offer Thursday at the U.N. General Assembly. The proposal, conveyed by mediators, resembles a June memorandum that collapsed after Iran resumed shipping attacks. Analysts say a quick deal could benefit President Trump before November midterms while easing economic pressure on Tehran, though Saudi Arabia is reportedly skeptical. Iran's leadership shows internal divisions over diplomacy, with hard-liners favoring continued resistance. The proposal's scope regarding Yemen's Houthi rebels remains unclear, as their Red Sea attacks on the Bab el-Mandeb strait add pressure on global markets.