Draft Iran-US proposal sets a seven-day window to reopen the Strait of Hormuz; Araghchi says two days

Summary

A draft Iran-US proposal reportedly called for the Strait of Hormuz to be reopened to international maritime traffic within seven days of an initial understanding, according to Hindustan Times, which also lists a uranium transfer among the draft's key takeaways. Separately, Middle East Eye reports that Iranian Foreign Minister Abbas Araghchi told Al Jazeera the strait could reopen within two days if Washington meets conditions. Those conditions include formal recognition of a shipping route set by Iran and Oman, lifting US sanctions imposed after the collapse of the Islamabad memorandum of understanding in July, reducing the US military presence in the region, reinstating oil waivers, releasing frozen Iranian funds, and ending the war on all fronts. Araghchi said Qatari mediators asked to shorten the seven-day window, and that the revised plan has US measures on day one and the strait reopening on day two.

Timeline

1. Hindustan Times

   31 Oct 2026, 08:03 UTCSource ↗

   Reports that a draft Iran-US proposal reportedly called for reopening the Strait of Hormuz to international maritime traffic within seven days of an initial understanding, and lists a uranium transfer among the key takeaways from the draft.

2. Middle East Eye

   1 Nov 2026, 07:33 UTCSource ↗

   Reports that Iranian Foreign Minister Abbas Araghchi told Al Jazeera the Strait of Hormuz could be reopened within two days if Washington agrees to conditions, including recognition of the Iran-Oman route, sanctions relief, reduced US military presence, and ending the war on all fronts.