Iran’s Foreign Minister Abbas Araghchi has suggested reopening the strategic Strait of Hormuz Friday.
The Minister also suggested that Iran is interested in resuming nuclear negotiations with the U.S. within seven days if the Trump administration agrees to his conditions.
Araghchi’s proposal follows Iranian President Masoud Pezeshkian’s strong response to President Donald Trump’s “annihilation” threat at the UN General Assembly earlier this week and comes nearly seven months after the U.S. and Israel initiated their confrontation against Tehran.
“If certain conditions are met, the Strait of Hormuz will reopen in seven days, and talks will restart,” Araghchi stated to reporters. “The conditions we have requested from the U.S. are nothing new—nothing beyond what was outlined in the Islamabad MOU, which was signed by the U.S. President.”
The Islamabad Memorandum of Understanding refers to a June ceasefire agreement between the U.S. and Iran that ultimately fell apart in early July. The Trump administration has previously declared it will not revisit the terms of the June deal.
Iran’s Pezeshkian stated Thursday that ending the seven-month conflict is a decision for the U.S., as missile attacks persist in the Middle East and China intensifies efforts to mediate peace.
“It’s America that must choose whether it wants to end this or not,” Pezeshkian said.
Following Araghchi’s comments, oil prices edged lower on Friday. International benchmark Brent crude futures for November dropped 1% to $105.56 per barrel, while U.S. West Texas Intermediate futures for the same month declined 1.8% to $92.94.
By CEO NA Editorial Staff
