Iran Says Hormuz Could Reopen in Two Days Under New Proposal

Iranian Foreign Minister Abbas Araghchi said a proposal discussed with Qatar could reopen the Strait of Hormuz within two days if Washington accepts Tehran’s terms, putting access through the oil route at the center of negotiations.

Araghchi said the conditions include lifting sanctions imposed after the Islamabad memorandum, reducing U.S. military deployments in the region, restoring oil exemptions and releasing frozen Iranian funds, including money held in Qatar. The proposal also addresses routes Iran has discussed with Oman. Nuclear terms raised by mediators would be reviewed in a second phase.

Araghchi said Qatar had previously suggested a five-day implementation period, which the proposal now under discussion would shorten to two days. Iranian negotiators arrived in Doha on Oct. 31 after Qatari mediators spent the previous day in Tehran.

Araghchi called U.S. outreach for talks a positive step but said Iran saw no need for an immediate meeting with U.S. officials. Rubio said Oct. 31 that Trump had not decided whether to resume airstrikes against Iran and preferred a diplomatic resolution.

The proposal’s outcome matters to oil markets because its conditions address both shipping access through the strait and Iran’s oil exports.