Iran Proposes 'Seven-Day Roadmap' to the United States for Reopening the Strait of Hormuz

[Financial News] Iran has proposed a "seven-day plan" to the United States for reopening the Strait of Hormuz and reaching a final agreement in negotiations.
According to The New York Times (NYT) and CNN, Iranian Foreign Minister Abbas Araghchi said at a news conference held in New York on the sidelines of the United Nations General Assembly on the 24th local time that he had conveyed a proposal to the United States for ending hostilities and reopening the Strait of Hormuz.
The proposal, delivered through intermediary countries, calls for the United States to meet certain conditions within seven days. Araghchi did not disclose the details, but explained that many of the conditions were broadly similar to provisions in the memorandum of understanding (MOU) on ending the war signed by the two countries last June.
The MOU at the time set out a phased approach: first reopening the Strait of Hormuz, then negotiating Iran's denuclearization during a designated ceasefire period. It also included easing sanctions on Iran, unfreezing its assets, and halting military operations on all fronts, including Lebanon. The leaders of the two countries signed it last July, but the agreement collapsed after an armed clash over control of the strait.
The Iranian Foreign Ministry spokesperson said the previous day that Iran had conveyed the following conditions to the United States through Qatar, an intermediary: ending the war on all fronts, stopping acts of aggression, ending the United States' maritime blockade of Iran, and unfreezing Iranian assets.
A White House official told CNN on the day, in response to Araghchi's remarks, "We are engaged in positive and constructive discussions through intermediaries."
Earlier, Bloomberg News reported, citing a source familiar with the negotiations, that the negotiating teams of the two countries were discussing a phased agreement in New York with Qatar acting as mediator. The proposal envisions the United States lifting its economic blockade on Iranian ports if Iran reopens the strait.
A White House official told Bloomberg that Donald Trump, the president of the United States, was open to talks. The official also said, however, that the United States was in a position of strength because of the sanctions and maritime blockade, and therefore did not necessarily need negotiations.
The two countries have repeatedly entered and broken off negotiations since the war began in February. Bloomberg News reported that the main issues are the conditions and sequence for reopening the strait, as well as when Iran would gain access to its frozen assets.
In his address to the United Nations General Assembly, Iranian President Masoud Pezeshkian also stressed that Iran would not allow free navigation through the Strait of Hormuz as long as sanctions and the United States' maritime blockade remain in place.
Earlier, after his address to the United Nations General Assembly on the 22nd, President Trump told reporters that talks between the two countries had resumed after several months and that "very productive" discussions had taken place in New York for three hours.
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