Iran has proposed a seven-day plan to reopen the Strait of Hormuz to maritime traffic, contingent on the United States lifting its naval blockade and waiving sanctions, according to multiple diplomatic sources. The proposal, detailed by Iran’s foreign minister during a private meeting at the UN General Assembly, outlines a phased approach to restore the critical shipping route.
The plan was reportedly shared with the US through Qatar, with Iran emphasizing the need for an agreement to stabilize oil markets and reduce tensions. The Strait of Hormuz, a key passage for global oil exports, has been a focal point of diplomatic and military tensions. Iran’s offer comes amid renewed diplomatic contacts and ongoing concerns over shipping security and regional stability.
Pakistan’s prime minister also called for the continued openness of Hormuz and the Bab al-Mandab strait, highlighting the country’s role in mediating between the US and Iran. The proposal reflects a growing willingness to resolve disputes through dialogue, though the success of the plan depends on the US meeting the outlined conditions.
The potential reopening of the strait could have significant economic implications, with Brent crude oil prices currently at $105.46. However, the timeline and terms remain subject to further negotiations.
