Araghchi Outlines in New York Iran's Seven-Day Plan to Reopen the Strait of Hormuz

Iran's Foreign Minister Abbas Araghchi said on Thursday, September 24, 2026, on the sidelines of the UN General Assembly in New York, that Iran has passed a plan to the United States through intermediaries under which, if certain conditions are met, the Strait of Hormuz would open at the end of the seventh day and talks would resume. "The moment they accept this plan, from the next day, this timetable can start," he said. According to Al Jazeera, Qatar is relaying messages between the two sides in New York.

Al Jazeera, citing The New York Times, reported that under the plan hostilities on all fronts, including Gaza and Lebanon, would stop within seven days, Washington would release Iran's frozen assets, estimated at no less than $12 billion, waive sanctions on Iranian oil and lift its naval blockade, and talks on the nuclear programme would begin immediately. A White House official told CNN the discussions through mediators were "positive and constructive", while The New York Times quoted an official as saying Washington would not rush into a deal.

The proposal closely resembles the June 17, 2026 memorandum of understanding, which set a 60-day window for negotiations and unravelled in July. The status of the Strait of Hormuz is one of the main drivers of oil prices and of expectations in Iran's currency and gold markets.