U.S. and Iran Held Indirect Talks as Strait Reopening Proposal Emerged
The discussions may revisit Iran’s proposal to reopen the waterway within seven days in exchange for changes to U.S. measures and a regional ceasefire.
The United States and Iran are expected to resume indirect talks on Sept. 28 or 29, with the discussions potentially revisiting a proposal to reopen the Strait of Hormuz within seven days.
The talks are expected to examine revised terms for Iran’s proposal, which links reopening the waterway and restarting nuclear negotiations to the lifting of a U.S. maritime blockade, the removal of oil-sale sanctions and a renewed regional ceasefire.
President Donald Trump said Sept. 26 that he had rejected the proposal. On Sept. 27, Trump said the United States and Iran were expected to restart negotiations within the following week.
The two sides held indirect discussions through Qatar during the United Nations General Assembly in New York on Sept. 22. The proposed talks could affect oil prices, shipping conditions and broader risk markets, including crypto assets, because any change in access to the waterway would alter expectations for energy and geopolitical risk.
The next expected step is another round of mediated discussions on Sept. 28 or 29.
