Iran Offers 7-Day Hormuz Deal as Trump Faces Midterm Pressure
Iran has proposed a seven-day plan to reopen the Strait of Hormuz and restart nuclear talks, but the offer comes with tough conditions that could force President Donald Trump into a difficult political choice before November's midterm elections.
Iran has put a seven-day plan on the table that would reopen the Strait of Hormuz and restart negotiations over its nuclear program, according to officials in Tehran [249975][250125]. The proposal could give President Donald Trump a way out of a growing political crisis ahead of the United States midterm elections, but it comes with demands that may prove hard to accept [249975].
Under the plan, the United States would need to lift freezes on Iranian assets and allow Iran to export its oil [249975]. The hardest condition is likely to be a demand that Trump order Israeli Prime Minister Benjamin Netanyahu to end Israel's attacks on Hezbollah in Lebanon — a step Iran says is needed to achieve what it calls a "ceasefire on all fronts" [249975].
Iran's foreign minister confirmed that the seven-day ceasefire plan could reopen the Strait of Hormuz within a week [249574]. Iran's president said Tehran wants an agreement with the United States before November's midterm elections and that the offer is now on the table [250125].
The Strait of Hormuz is a narrow waterway in the Middle East through which about one-fifth of the world's oil passes [247599]. When it is blocked, oil prices usually rise and global shipping is disrupted [247599]. Reports of the Iranian proposal raised hopes of renewed diplomacy, with United States stock futures mixed and oil prices falling [247599].
Iran's President Masoud Pezeshkian said the United States "must choose" whether it wants to end the war, speaking to Fox News after a defiant speech at the United Nations [249889]. He said Iran is still ready to reach a deal but accused the United States of repeatedly undermining efforts to achieve one [249889].
Secretary of State Marco Rubio said United States negotiators have restarted talks about Iran's nuclear program, though he said there has been no breakthrough [248500]. President Trump said Tuesday that United States officials held talks with representatives of Iran's delegation for about three hours and described the talks as having gone "very well" [247962]. Iran said it communicated with the United States through Qatar and conveyed its conditions [247962].
With only five days left before the proposed reopening, Trump must decide whether to accept Iran's terms [249975].