Stories
Iran Proposes 7-Day Plan to Reopen Strait of Hormuz, Start Nuclear Talks
- •Iranian Foreign Minister Abbas Araghchi announced a seven-day plan to end hostilities with the US, reopen the Strait of Hormuz, and begin nuclear negotiations.
- •The proposal is based on the Islamabad Memorandum signed by Donald Trump and Masoud Pezeshkian in June, but includes amendments for faster implementation.
- •Under the plan, hostilities would cease, the US would release $12 billion in frozen Iranian assets, waive oil sanctions, and lift the blockade within seven days.
- •On the seventh day, Iran would reopen the Strait of Hormuz, allowing nuclear talks to commence.
- •US officials have indicated positive discussions through mediators but are not rushing into a deal.
Key Questions Answered
Under Iran's proposed seven-day plan, hostilities including those in Lebanon would end within seven days of both sides accepting the agreement. The United States would release $12 billion in frozen Iranian assets, waive oil sanctions, and lift the blockade, while Iran would reopen the Strait of Hormuz on the seventh day to allow nuclear talks to begin.
While the new proposal builds upon the Islamabad Memorandum signed by Donald Trump and Masoud Pezeshkian in June, it replaces the original 60-day negotiation timeline with a much faster seven-day schedule to prevent negotiations from dragging on or getting sabotaged.
The initial deal collapsed after rogue elements within Iran broke the ceasefire, and US President Donald Trump refused to adhere to terms concerning the management of the Strait of Hormuz as the negotiations dragged on.
