Iran has offered to reopen the Strait of Hormuz and resume talks on its nuclear programme in seven days if the United States lifts its naval blockade of Iranian ports, waives sanctions on Iranian oil sales and observes a ceasefire that would include Lebanon.
Iran’s Foreign Minister Abbas Araghchi detailed the proposal in a private gathering on Thursday on the sidelines of the UN General Assembly in New York, according to one attendee.
Trita Parsi, executive vice president of the Quincy Institute think tank, said Araghchi suggested that a speedy agreement would help US President Donald Trump ahead of November’s midterm elections. The arrangement would also relieve enormous economic pressure on Tehran as the US piles on additional sanctions.
Iran’s disruption of the strait — through which a fifth of the world’s traded oil and gas transited before the war — has emerged as its main point of leverage. The effects have been felt far beyond the Middle East.
There was no immediate comment from Iran’s UN mission or other Iranian officials. A person familiar with the matter, speaking on condition of anonymity to discuss private deliberations, told The Associated Press that Saudi Arabia was sceptical of the latest push for a deal.
The White House said Friday that US officials are having positive and constructive conversations with mediators on the Iran war. In response to questions from The Associated Press, it said the US is facilitating significant oil exports through the Strait of Hormuz.
The proposal resembles a June deal that quickly crumbled
The proposal, conveyed to the US by mediators, strongly resembles the so-called Memorandum of Understanding reached in June, but with an accelerated timetable. The earlier agreement, which called for a 60-day interim period, quickly collapsed as Iran resumed attacks on shipping in the strait.
Trump has said he is in no rush to reach a deal, even as high oil prices fuel inflation. On the Iranian side, there are questions as to whether the hard-liners who dominate the security forces would accept compromises championed by moderates like President Masoud Pezeshkian.
“If Trump calculates this arrangement is worthwhile and can bring political benefit before the midterms and reduce gas prices, perhaps we’ll see flexibility not seen in previous weeks,” Parsi said. But he noted “deep suspicion,” especially around the prospect of Iran merely buying time to ship out more of its oil and ease its economic pain.
There are other signs of renewed diplomacy
In the latest sign of diplomatic movement, Pezeshkian hosted the prime minister of Qatar early Friday. Qatar has been a key mediator, including during hours of indirect Iran-US talks at the UN this week.
It was not clear how long Pezeshkian and Araghchi would stay in the US after Pezeshkian addressed the annual UN gathering of world leaders on Wednesday, ending his speech by saying Iran remained open to diplomacy.
US Secretary of State Marco Rubio, on the same day, said “if there’s an opportunity to exchange ideas and messages, we will.”
After multiple failed attempts at a deal, however, suspicion is high on both sides. The US and Israel have attacked Iran twice while it was engaged in nuclear talks, and the US and Iran accuse each other of having swiftly violated the June agreement.
“The Iranians already know that the chances of this not being accepted by Trump are much higher than the opposite,” Hamidreza Azizi, senior Iran analyst at the International Crisis Group think tank, wrote on X.
“They want to show that they were ready for diplomacy and that it was the United States that, for the third time, decided to attack in the middle of a diplomatic track — something that people within (Iran’s) strategic community have been anticipating over the past few days.”
It’s unclear if the proposal would include the Yemen conflict
The proposal would include Lebanon, where Israel and the Iran-backed Hezbollah have been mostly observing a ceasefire. It’s not clear, however, if it would include the revived conflict between Yemen’s Iran-backed Houthi rebels and Saudi Arabia, which has put even more pressure on global markets.
Iran appears to think the Houthis’ newly enhanced ability to threaten the Bab el-Mandeb strait on the Red Sea — another trade chokepoint on the other side of the Arabian Peninsula — could push Trump to make a deal.
Maj. Gen. Yahya Rahim Safavi, a military adviser to Iran’s new supreme leader, told state television that the Americans “face a new problem called the Bab el-Mandeb Strait.”
He added: “I think the process that is unfolding is in our favour, and the Americans will be forced to accept Iran’s conditions.”
With the Houthis’ latest surge in attacks, Saudi Arabia was sceptical of Araghchi’s latest push for a deal with the US, according to the person familiar with the matter.
The kingdom, along with other Gulf states, had advocated over the summer for a return to negotiations, saying they could live with an agreement that gave Iran a temporary role in managing the Strait of Hormuz, the person said.
But the Saudi calculations changed as the Houthis seized Yemen’s strategic Red Sea coast from pro-government forces and a vital Saudi pipeline came under attack.
Earlier this month, Gulf leaders planned to gather in Oman to discuss an emerging agreement between Oman and Iran on the Strait of Hormuz, which runs between the two countries. But the meeting was cancelled after Saudi Arabia called for amendments, only some of which were accepted by Iran, the person said.
Iran’s leadership has shown signs of divisions
Iran’s leaders have sought to project unity, but some hard-liners want to continue or escalate the war to secure bigger US concessions and have criticized Pezeshkian and Araghchi’s diplomatic steps this week.
Firebrand lawmaker Ebrahim Rezaei wrote on X that merely meeting with “the aggressor enemy” showed weakness. Iran’s Assembly of Experts, a panel of Shiite clerics who appoint the supreme leader, said “there is no path other than resistance.”
The head of Iran’s powerful Revolutionary Guard, Brig. Gen. Ahmad Vahidi, highlighted the UN speech by “the esteemed president” while focusing on Pezeshkian’s comments that Iran doesn’t fear war.
Iran’s parliament speaker, Mohammad Bagher Qalibaf, who served as chief negotiator in earlier talks with the United States, provided a rare public acknowledgment of the internal divide.
“There is a view that speaks of war but offers no prospect or mechanism for bringing it to a powerful conclusion,” he wrote on social media. “At the opposite end is a current that makes the error of underestimating national capabilities.”
He added: “The first error keeps the country in a state of permanent crisis, while the second hands national resources and dignity over to the enemy.”
Published on September 26, 2026
