Iran proposes reopening Strait of Hormuz within seven days

Iran has proposed reopening the strategic Strait of Hormuz and resuming nuclear negotiations within seven days, conditional on the US lifting its naval blockade, removing oil sanctions, and observing a ceasefire including Lebanon. Foreign Minister Abbas Araghchi conveyed the terms to US envoy Steve Witkoff on Tuesday during a UN General Assembly meeting in New York, according to a source cited by AP. Araghchi reportedly suggested a quick deal could benefit President Trump before November midterm elections. The proposal follows a June 17 memorandum that collapsed when both sides reinstated naval blockades. Analysts note deep distrust, with some suspecting Iran may be stalling to boost oil exports and ease economic pressure.