Iran has proposed a seven-day plan to reopen the Strait of Hormuz, a critical waterway for global oil trade, in exchange for specific conditions. The offer, outlined by Iran’s Foreign Minister Abbas Araghchi during a private meeting at the U.N. General Assembly, includes lifting the U.S. Naval blockade, waiving sanctions on Iranian oil sales, and observing a ceasefire involving Lebanon.

The proposal comes amid ongoing tensions between Iran and the United States, with the conflict escalating since February 2026. Iran has previously outlined seven conditions for ending the war and reopening the strait, which now include a renewed ceasefire and sanctions relief. U.S. President Donald Trump has criticized Iran over stalled nuclear negotiations, highlighting the urgency of resolving the standoff.

The move has drawn attention from regional allies, with Kuwait’s crown prince describing Iran’s use of Hormuz as a bargaining chip. While the U.S. Has not yet responded publicly, the proposal underscores Iran’s efforts to de-escalate the crisis through diplomatic channels. The outcome of these discussions could significantly impact regional stability and global energy markets.