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Iran proposes seven-day plan to reopen Strait of Hormuz

2 sources · first seen 16:27 25 Sept · updated 07:57 26 Sept

The brief

Written from 2 reports · check the source before you trade
  • Araghchi said the US must complete required steps within four to five days
  • The strait would reopen on the sixth day
  • A reopening could ease shipping and energy-cost pressures for Indian oil and logistics companies

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Strait of Hormuz11 todayIran49 todayShipping routes2 todayGeopolitics74 todayShipping and logistics13 today

Linked by the tag Shipping routes

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Part of a developing story42 updates over 5 days

US-Iran standoff over reopening the Strait of Hormuz

Oil rose as Iran threatened to widen the conflict and held to a seven-day proposal to reopen the Strait of Hormuz, while Trump rejected the proposal. Iran said indirect talks with the US remained open; Trump said the conflict could end soon but did not rule out further strikes.

Saturday, 26 September

  1. 3 sources
    Iran says the US must accept its seven-day plan

Friday, 25 September

  1. Oil prices fall after Iran asks U.S. to return to failed memorandum of understanding from June
  2. Iran will make no nuclear concessions, Iranian official says
  3. 2 sourcesYou are here
    Iran proposes seven-day plan to reopen Strait of Hormuz
  4. Global bond sell-off eases as oil prices retreat from recent highs
  5. INR recovers slightly as oil pulls back on hopes of a phased deal to reopen the Strait of Hormuz
  6. Oil dips after sharp gains as U.S., Iran reportedly explore Hormuz deal

See all 42 updates →

Read the reports

2 reports · earliest 16:27
MoneycontrolAraghchi offers US 7-day plan to reopen Hormuz: What’s in Iran’s roadmap16:27Business StandardHormuz reopening to start after US accepts 7-day plan: Iran's Araghchi07:57