Iran offers seven-day Hormuz deal through Qatari mediators

Iranian Foreign Minister Abbas Araghchi told reporters at the UN in New York on Thursday that Iran has delivered a proposal to the United States through Qatari intermediaries that would reopen the Strait of Hormuz within seven days, contingent on conditions Araghchi said were already contained in the memorandum of understanding signed between the two countries in June.

"If the necessary conditions are met, the strait can be reopened, a normal maritime passage restored within seven days," Araghchi said, placing the decision squarely with Washington.

A US official told the BBC that positive discussions were underway through mediators, including on nuclear issues, while adding that the United States was "not in a rush," citing what the official described as a strong US position controlling the strait.

The Hormuz closure has disrupted roughly 20% of global oil and liquefied natural gas flows since Iran blocked the waterway following US and Israeli air strikes on Iran in February. Energy prices have swung sharply in the months since. Congressional elections in November add political pressure on the Trump administration to reach a resolution before autumn.