Iran proposes seven-day plan to US to reopen Strait of Hormuz and halt attacks

Iran has proposed a seven-day plan to the United States to end hostilities, reopen the Strait of Hormuz, and resume nuclear talks, according to statements made by Iranian Foreign Minister Abbas Araqchi at the UN General Assembly. The plan, reported by The New York Times, calls for a ceasefire of all hostilities, including in Lebanon, the release of at least $12 billion in frozen Iranian assets, sanctions relief for Iranian oil, and the lifting of a naval blockade, with the strait reopening on the seventh day. Araqchi said it reflects a June memorandum of understanding that collapsed, but is designed to move faster than the previous 60-day timeline. The proposal follows separate UN speeches by President Trump, who threatened "annihilation" without a deal, and Iranian President Masud Pezeshkian, who vowed not to be intimidated. A US official called discussions "positive and constructive" but said Washington will not rush, while Araqchi suggested an agreement before the November 3 midterm elections would be preferable.