The Proposal and Its Conditions
Under the plan, Washington would lift its naval blockade of Iranian ports, waive sanctions on Iranian oil sales, release an estimated $12bn in frozen Iranian assets and observe a ceasefire covering the region, including Lebanon and Yemen. In return, Iran would reopen the Strait of Hormuz.
Araghchi outlined a phased sequence: initial steps would take four to five days, the strait would reopen on the sixth day, and on day seven talks with the United States would begin on a final deal covering mutually agreed subjects, referring to Iran's nuclear programme.
Ending all hostilities in the Middle East, including in Yemen and Lebanon, was reportedly among Tehran's demands. "The choice now rests with the United States," Araghchi said.
