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Iran's Supreme Leader Backs New Plan to Reopen Hormuz Strait
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Moneycontrol•26-09-2026, 16:41
Iran's Supreme Leader Backs New Plan to Reopen Hormuz Strait
- •Iranian President Masoud Pezeshkian announced Supreme Leader Mojtaba Khamenei supports a new plan to reopen the Strait of Hormuz, aiming for an agreement with the US to end regional hostilities.
- •Iran conveyed the proposal to Washington via mediators, offering to reopen the Strait within seven days if conditions are met.
- •The plan requires the release of at least $12 billion in frozen Iranian assets, lifting sanctions on oil sales, and ending the US naval blockade of Iranian ports.
- •A six-member Iranian team, including representatives from the military, parliament, and government, has authority to negotiate and make decisions on the proposal.
- •The US has not officially responded, with reports suggesting President Donald Trump rejected the plan, though Iran awaits an official stance.
Key Questions Answered
Iran's proposal requires the release of at least $12 billion in frozen Iranian assets, the lifting of sanctions on Iranian oil sales, and an end to the US naval blockade on Iranian ports.
Under the new plan conveyed to Washington through mediators, Iran has offered to reopen the strategic Strait of Hormuz within seven days if its conditions are fulfilled.
The United States has not yet officially or publicly accepted the proposal. While media reports indicate that President Donald Trump has rejected the plan, Iran states that it is still awaiting an official response from Washington.
