Iran proposed reopening the Strait of Hormuz in exchange for the US lifting sanctions and a ceasefire in Yemen, but the offer was rejected by the United States.
According to Al Jazeera, Iranian Foreign Minister Araghchi proposed a "7-day plan" at the UN General Assembly. The plan seeks the lifting of US sanctions on Iranian oil, the unfreezing of at least $12 billion (other reports suggest $24 billion) in Iranian assets, and an end to the US naval blockade, all conditioned on the reopening of the Strait of Hormuz, while also demanding a ceasefire in Yemen. However, the United States has rejected Iran's conditions, stating it is not in a hurry to act, and the Donald Trump administration had previously rejected similar proposals made through intermediaries.
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