Tuesday, October 20, 2026

Iran tells U.S. its '7-day plan' to reopen the Strait of Hormuz remains valid

Input
2026-10-19 15:04:05
Updated
2026-10-19 15:04:05
Strait of Hormuz. AP Newsis
[Financial News]Iranian Foreign Minister Abbas Araghchi urged the United States to accept the '7-day confidence-building plan' he had proposed to reopen the Strait of Hormuz, saying it remained valid.On the 18th (local time)Minister Araghchi said, "If the United States is sincere, the way to reopen the Strait of Hormuz is clear." The remarks came as Iran stepped up attacks on commercial vessels to block oil shipments through the Strait, while the pro-Iranian rebel group Ansar Allah (Houthis) in Yemen focused its airstrikes on Saudi Arabia.
The 7-day confidence-building plan was proposed by Iran to the United States last month in connection with the UN General Assembly. It is believed to have called for the Strait of Hormuz to be reopened if the United States met conditions including lifting its naval blockade, immediately returning frozen funds, exempting Iranian oil exports from sanctions, and halting fighting on all fronts.
Minister Araghchi said that if the United States accepted these conditions, the Strait of Hormuz would be reopened within six days and negotiations could resume on the seventh day. U.S. President Donald Trump at the time immediately signaled his refusal, but left the door open to negotiations a day later, saying there would be further talks.
Iran later said on the 11th that although the United States had responded to the proposal, it had met only some of the conditions and the remaining issues were still inadequately addressed, and called on the United States to clarify its position further.
U.S. President Donald Trump (left) and Iranian Foreign Minister Abbas Araghchi. Yonhap News
British media noted, "The point of disagreement between the two sides concerns Iran's nuclear program."
In this regard, the United States has insisted from the outset of negotiations with Iran that the nuclear program issue must be addressed. U.S. Vice President JD Vance also said early this month that Iran would have to reduce its uranium enrichment capacity to a meaningful level to meet U.S. demands and end the war.
Iran, however, has maintained that the negotiations should focus first on reopening the Strait of Hormuz and ensuring safe passage.
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