Finance

Iran proposes seven-day ceasefire plan tied to Hormuz reopening

Tehran says the Strait of Hormuz could reopen within a week under its proposal to the US; acceptance and conditions remain unclear.

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Owen Mercer
Markets and Finance Editor
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Source: Financial Times · View original source
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Iran has proposed a seven-day ceasefire plan that could lead to the Strait of Hormuz reopening within a week, according to the Financial Times.

Iranian Foreign Minister Abbas Araghchi said the proposal was sent to the United States through intermediaries. The reported plan links reopening the strait to a resumption of peace talks if certain conditions are met.

Those conditions have not been specified in the available account. The seven-day period would reportedly begin the day after Washington accepts the proposal.

The report does not say whether the US has accepted the plan, and no reopening has been confirmed. The proposal’s implementation details also remain unclear.

The offer follows Qatar-mediated discussions between Araghchi and US envoy Steve Witkoff in New York on 23 September, for which no agreement was reported.

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