The Iranian Minister of Foreign Affairs says that Iran has proposed a deal to the US whereby the Strait of Hormuz can be reopened within a week and "normal shipping can be restored." Minister Araghchi is in New York for the United Nations General Assembly. There he told reporters that this is possible if "the necessary conditions are met."
The conditions come from a previous agreement between the US and Iran signed in June, which extended a ceasefire that was subsequently widely violated.
That agreement stated that the US and Iran would cease all military operations and that the cessation of military actions also applied to Lebanon, where Israel is conducting attacks. The US would also lift the naval blockade and Iran would provide safe passage for commercial ships. Additionally, it was agreed that Iran would not develop or acquire nuclear weapons.
'Positive talks'
This is what Iran is now proposing again. According to Araghchi, the plan was handed over to the US government on the sidelines of the General Assembly through Qatari mediators. News agency Reuters asked a US official for a response, who reported that positive talks are taking place through mediators. The US and Iran are reportedly discussing nuclear matters among other issues.
Earlier this week, US President Trump threatened Iran with warlike language in his speech to the General Assembly: "Will a deal be made with Iran that allows them to recover and build a much larger country than ever before? Or do I destroy the Islamic Republic, and quickly, so that they never again have the chance to kill and destroy people and countries? Do I drive them to hell?"
Araghchi responded on Friday that Iran does not accept "coercion, threats or intimidation." And regarding the reopening of the sea passage, he said: "The choice now lies with the United States."
Oil prices
The war of the US and Israel against Iran began on February 28 with airstrikes on Iran. Iran responded with drone and missile attacks on Israel, US bases in the region, and by blocking the Strait of Hormuz.
Since then, hardly any cargo ships carrying oil and gas have passed through the narrow strait. Before the war, about twenty percent of the world's oil and gas passed through the Strait of Hormuz. The blockade led to large price increases worldwide.