Iranian Foreign Minister Abbas Araghchi proposed reopening the Strait of Hormuz and resuming nuclear talks in seven days if Washington lifts its naval blockade, waives sanctions on Iranian oil sales and observes a ceasefire including Lebanon, an attendee said.
Trita Parsi, executive vice president of the Quincy Institute think tank, said Araghchi detailed the proposal at a private gathering Thursday on the sidelines of the U.N. General Assembly in New York. Iran's U.N. mission had no immediate comment. The offer resembles a June memorandum calling for a 60-day interim period, which quickly collapsed as Iran resumed attacks on shipping in the strait.
Parsi said Araghchi suggested a speedy deal could help U.S. President Donald Trump ahead of November's midterm elections. Parsi also noted “deep suspicion” that Iran might be buying time to get more of its oil out and ease economic pressure. Trump has said he is in no rush to reach a deal, while questions remain over whether Iranian security hard-liners would accept compromises. Qatar's prime minister met Iranian President Masoud Pezeshkian Friday as Qatar mediated indirect U.S.-Iran talks at the U.N. this week. Secretary of State Marco Rubio said Washington would exchange ideas and messages if an opportunity arose.
