Iran proposes seven-day plan to end war and reopen Strait of Hormuz

Iran has proposed a seven-day plan to Washington to end hostilities, reopen the Strait of Hormuz, and begin comprehensive nuclear talks, as announced Thursday at the United Nations by Foreign Minister Abbas Araghchi. The proposal mirrors a June memorandum of understanding that collapsed, but with a faster timeline. It requires an end to all hostilities, release of $12 billion in frozen assets, oil sanction waivers, and lifting the naval blockade before the strait reopens. The offer comes amid an ongoing war and mutual hostility at the UN, with U.S. officials cautious. Analysts note the compressed schedule may appeal to President Trump ahead of midterm elections, though Iran's economy faces severe strain.