Iran offers Hormuz deal as Trump keeps bombers in reserve
Continues from this morning.
Iran used the United Nations week in New York to pitch a seven-day plan for reopening the Strait of Hormuz, the waterway that carried about a fifth of global petroleum and liquefied natural gas before the war shut it down. Abbas Araghchi, Iran's foreign minister, sent the proposal through Qatari mediators and asked Washington to lift its naval blockade, release $12bn in frozen assets, waive oil sanctions and observe a regional ceasefire that would include Lebanon. The timetable would reopen regular maritime transit on day six and begin direct nuclear talks on day seven.
Araghchi framed the offer as fast diplomacy with a stopwatch attached.
“The seven-day timeline will start as soon as the United States accepts this plan.”
Donald Trump has not issued a public reply, but officials said he privately dismissed the plan and views renewed strikes after the November midterms as likely. He also posted a map renaming the waterway the Trump Strait, which is not how most maritime disputes usually cool down. Tehran, meanwhile, says it will not surrender uranium enrichment or ship out its stockpile of 60% enriched uranium, which the International Atomic Energy Agency estimated at 440.9kg before Israeli and American strikes damaged Iranian facilities in June 2025.
This matters because Hormuz is now both a battlefield and an inflation gauge, and every day of closure gives both capitals more pain but less room to climb down.
Reporting from: ANSA.it, Reuters, Deutsche Welle, Mediapart, The New York Times, Handelsblatt