Araghchi told reporters in Washington that Tehran would open the strait on day seven if Washington accepted the conditions, echoing a June memorandum that collapsed when the U.S. rejected Iran’s claim of control.
An American official, speaking to the Financial Times, said the Trump administration was in "positive and constructive discussions" but would not rush into a deal, citing control of the strait and the flow of 22 million barrels of oil that passed last night.
The June truce fell after Iran mined the waterway and warned vessels against passing without coordination, a move that the U.S. and its partners deemed a violation of the memorandum.
For fishermen along the coast of the Strait, the months of uncertainty have meant longer voyages and higher insurance premiums; one 45‑year‑old, Amir Khalid, said he has not seen a ship pass in over a month.
The White House is slated to review the proposal over the next 48 hours, with a briefing scheduled for Friday, after which Tehran may expedite or abandon the plan.