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[INTERNATIONAL] · United States, Iran, Oman, China, Qatar · 27 sources

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Iran and U.S. discuss phased deal to reopen Strait of Hormuz FAST-MOVING

Negotiators from the United States and Iran are exploring a phased agreement in New York to resolve a seven-month conflict and reopen the Strait of Hormuz. The proposal, presented by Iranian Foreign Minister Abbas Araghchi via mediators, suggests a gradual de-escalation process.

Under the proposed framework, Iran would allow unrestricted maritime traffic through the Strait of Hormuz. In exchange, the United States would lift its economic blockade of Iranian ports and provide access to frozen Iranian assets. Araghchi noted that the proposal aligns with a June memorandum of understanding and requires the U.S. to meet specific conditions within seven days of acceptance to resume formal nuclear program negotiations.

President Donald Trump described the discussions as ‘very productive,’ while Secretary of State Marco Rubio characterized them as positive but not yet a major breakthrough. The negotiations are occurring on the sidelines of the United Nations General Assembly. While the potential deal could stabilize global energy markets, significant obstacles remain, including mutual distrust and the reluctance of both nations to surrender their primary bargaining leverage. The timing of a final agreement may also be influenced by the upcoming U.S. midterm elections in November.

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Abbas Araghchi · Donald Trump · Iran · Iran · Masoud Pezeshkian · Strait of Hormuz · United Nations · United States · United States

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