Iran Attempts to Dictate Terms for Strait of Hormuz Reopening as US Holds Firm in Negotiations
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Iran's foreign minister claims Tehran has offered a deal to restore shipping through the Strait of Hormuz within a week, but the US, maintaining its strategic advantage and skepticism, confirms ongoing mediated talks.
Iranian Foreign Minister Abbas Araghchi told reporters at the United Nations that Tehran, through Qatar, has put forward a proposal to the United States to reopen the Strait of Hormuz within seven days, but only if the US meets the conditions of the June memorandum of understanding (MOU). Araghchi made it clear that the decision now lies with the US, though the requirements—many of which favor Iran—are already detailed in the MOU.
A US official, speaking to the BBC, confirmed that discussions are underway through mediators, addressing both the reopening of the strait and nuclear issues. The official emphasized that the United States remains in a strong position regarding control of this critical waterway and is not rushing to accommodate Iran’s demands, signaling a cautious and strategic approach.
The MOU, signed on June 18, was intended to halt hostilities, partially reopen the strait, and included provisions such as Iran’s supposed commitment not to develop nuclear weapons, an end to the US naval blockade, and sanctions relief—concessions that would primarily benefit Iran. The agreement also called for safe commercial passage and talks with Oman about future shipping arrangements, but it quickly fell apart after both sides resumed strikes, highlighting Iran’s unreliability.
Since the closure, about 20% of global oil and liquefied natural gas shipments have been affected, causing volatility in energy prices and threatening Western economies. Recent data show an average of 18 vessel transits per day, with numbers dropping to nine on some days, underscoring the threat posed by Iran’s actions. Meanwhile, Houthi attacks in the Red Sea—carried out by Iranian-backed militants—have further endangered regional shipping routes.