Iran offers new proposal for Strait of Hormuz

Iran has stated it is ready to reopen the Strait of Hormuz, a vital waterway for global oil trade, following a revised proposal presented by its foreign minister. Seyed Abbas Araghchi announced that Iran now accepts a two-day plan, replacing its earlier seven-day proposal, during talks with Qatari and Pakistani mediators.

Conditions for reopening the strait

According to the new plan, the United States must first fulfill a series of measures considered essential by Iran. If these commitments are met on the first day, the strait would be reopened the next day, allowing maritime traffic to resume normal operations. Negotiations between the two countries would then resume.

Key demands from Iran

Among the main conditions set by Iran are the unfreezing of its frozen assets, lifting of certain sanctions, restoration of exemptions on Iranian oil exports, ending the naval blockade, and progress on several regional issues. These demands reflect Iran's broader diplomatic and economic concerns.

Tensions in the Strait of Hormuz

This announcement comes amid heightened tensions in the Strait of Hormuz. The Guardians of the Revolution, an Iranian paramilitary group, stated on Sunday that two tankers, including a super tanker, had been immobilized after hitting naval mines while navigating what Tehran described as an unauthorized maritime route.

Iran’s control over the strait

Since the end of February, Iran has intensified its control over the Strait of Hormuz, prohibiting the passage of ships linked to Israel or the United States in response to strikes against its territory. The Strait of Hormuz, a strategic passage connecting the Persian Gulf to the Indian Ocean, handles a significant portion of global oil exports, making any disruption in the area a matter of international concern.