Iran has offered to reopen the Strait of Hormuz and resume talks on its nuclear program in seven days if the United States lifts its naval blockade of Iranian ports, waives sanctions on Iranian oil sales and observes a ceasefire that would include Lebanon.
Iran’s Foreign Minister Abbas Araghchi detailed the proposal in a private gathering on Thursday on the sidelines of the U.N. General Assembly in New York, according to one attendee.
Trita Parsi, executive vice president of the Quincy Institute think tank, said Araghchi suggested that a speedy agreement would help U.S. President Donald Trump ahead of November’s midterm elections. The arrangement would also relieve enormous economic pressure on Tehran as the U.S. piles on additional sanctions.
Iran’s disruption of the strait — through which a fifth of the world’s traded oil and gas transited before the war — has emerged as its main point of leverage. The effects have been felt far beyond the Middle East.
There was no immediate comment from Iran’s U.N. mission or other Iranian officials. A person familiar with the matter, speaking on condition of anonymity to discuss private deliberations, told The Associated Press that Saudi Arabia was skeptical of the latest push for a deal.
The White House said Friday that U.S. officials are having positive and constructive conversations with mediators on the Iran war. In response to questions from The Associated Press, it said the U.S. is facilitating significant oil exports through the Strait of Hormuz.
The proposal resembles a June deal that quickly crumbled
The proposal, conveyed to the U.S. by mediators, strongly resembles the so-called Memorandum of Understanding reached in June, but with an accelerated timetable. The earlier agreement, which called for a 60-day interim period, quickly collapsed as Iran resumed attacks on shipping in the strait.
Trump has said he is in no rush to reach a deal, even as high oil prices fuel inflation. On the Iranian side, there are questions as to whether the hard-liners who dominate the security forces would accept compromises championed by moderates like President Masoud Pezeshkian.
“If Trump calculates this arrangement is worthwhile and can bring political benefit before the midterms and reduce gas prices, perhaps we’ll see flexibility not seen in previous weeks,” Parsi said. But he noted “deep suspicion,” especially around the prospect of Iran merely buying time to ship out more of its oil and ease its economic pain.
There are other signs of renewed diplomacy
In the latest sign of diplomatic movement, Pezeshkian hosted the prime minister of Qatar early Friday. Qatar has been a key mediator, including during hours of indirect Iran-U.S. talks at the U.N. this week.
It was not clear how long Pezeshkian and Araghchi would stay in the U.S. after Pezeshkian addressed the annual U.N. gathering of world leaders on Wednesday, ending his speech by saying Iran remained open to diplomacy.
U.S. Secretary of State Marco Rubio, on the same day, said “if there’s an opportunity to exchange ideas and messages, we will.”
After multiple failed attempts at a deal, however, suspicion is high on both sides. The U.S. and Israel have attacked Iran twice while it was engaged in nuclear talks, and the U.S. and Iran accuse each other of having swiftly violated the June agreement.
“The Iranians already know that the chances of this not being accepted by Trump are much higher than the opposite,” Hamidreza Azizi, senior Iran analyst at the International Crisis Group think tank, wrote on X.
“They want to show that they were ready for diplomacy and that it was the United States that, for the third time, decided to attack in the middle of a diplomatic track — something that people within (Iran’s) strategic community have been anticipating over the past few days.”
It’s unclear if the proposal would include the Yemen conflict
The proposal would include Lebanon, where Israel and the Iran-backed Hezbollah have been mostly observing a ceasefire. It’s not clear, however, if it would include the revived conflict between Yemen’s Iran-backed Houthi rebels and Saudi Arabia, which has put even more pressure on global markets.
