Iran Offers to Reopen Strait of Hormuz in 7 Days if US Eases Military Pressure
A senior Iranian official stated on September 22 that Iran is willing to reopen the Strait of Hormuz within seven days if the United States eases military pressure, including lifting the blockade of Iranian ports and halting strait-related operations. The proposal, approved by Iran's Supreme Leader and Supreme National Security Council, has been conveyed to Washington via mediators. Iran plans to use the UN General Assembly in New York for consultations. The official ruled out a meeting between President Pezeshkian and President Trump. The news caused Brent crude to drop 2.6% to $97.73 and WTI to fall 3.1% to $92.40.
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Iran Says It Can Reopen Strait of Hormuz in 7 Days if US Eases Military Pressure
An Iranian senior official stated on Tuesday that Iran could reopen the Strait of Hormuz within seven days if the United States eases military pressure and lifts the blockade on Iranian ports. The statement, reported by Chinese state media and cited by financial news outlet Cailianshe, comes amid a backdrop of nearly seven months of Middle East conflict and renewed threats of economic pressure from the Trump administration. The official, speaking as an Iranian delegation attends the UN General Assembly in New York, indicated that Iran has full authority to restart diplomatic contact with the US and has already submitted proposals through a mediator on September 16. The official added that President Pezeshkian, who traveled to New York, will not meet with President Trump. US Secretary of State Rubio expressed openness to contact with Iran at the UN but emphasized the goal of ensuring Iran never acquires nuclear weapons. The news caused international benchmark Brent crude oil futures to drop 2.6% to $97.73 per barrel, and US WTI crude to fall 3.1% to $92.40. Shipping data showed a significant decline in vessel traffic through the Strait, with only 17 commodity ships passing over the weekend compared to 37 the previous week and a pre-war average of 120 per day.
Read sourceIran Offers 7-Day Hormuz Reopening if US Eases Military Pressure First
According to Japanese media Kyodo News, Iran has proposed a conditional plan to reopen the Strait of Hormuz within seven days, provided the United States first takes steps to ease military pressure, including ending the blockade of Iranian ports and halting military operations related to the strait. The proposal, approved by Iran's Supreme Leader and the Supreme National Security Council, has been conveyed to Washington via mediators. The goal is to resume negotiations and ultimately end hostilities permanently. An Iranian official ruled out a meeting between President Pezeshkian and President Trump at the UN General Assembly but indicated progress toward an agreement is possible. The news caused WTI crude oil to briefly fall below $90 per barrel and the dollar index to drop, while gold prices rose. Separately, diplomatic efforts are intensifying in New York, with Qatar and Gulf states seeking new security arrangements. Iran retains the option of military escalation if the 45-day deadline set by its security council expires without US action.
Read sourceIran Offers to Reopen Strait of Hormuz in 7 Days if US Eases Military Pressure, Oil Prices Drop
On September 22, a senior Iranian government official stated that if the United States takes steps to ease military pressure, including ending the blockade of Iranian ports and halting military operations related to the Strait of Hormuz, Iran is willing to reopen the strategic waterway within seven days and return to negotiations. The proposal, conveyed through intermediaries to Washington, is part of Tehran's effort to restart talks and seek a permanent end to hostilities. The official ruled out a meeting between Iranian President Pezeshkian and US President Trump at the UN General Assembly but indicated progress toward an agreement is possible if Washington shows seriousness. The news triggered a sharp drop in oil prices and a recovery in global stock markets. Zhongtai Securities analysis noted that the situation involves two straits and multiple oil producers, with a baseline scenario of separate arrangements for the Strait of Hormuz and the Bab el-Mandeb, potentially leading to lower oil prices and improved tech stock performance, while a risk scenario of continued disruptions could cause oil price spikes.
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Iran Offers to Reopen Strait of Hormuz in 7 Days if US Eases Military Pressure
A senior Iranian government official stated that Iran has proposed reopening the Strait of Hormuz within seven days if the United States takes initial steps to ease military pressure, including lifting the naval blockade of Iranian ports and halting military operations related to the strait. The proposal, conveyed through mediators to Washington, aims to restart negotiations and permanently end hostilities between the two countries. Iran plans to use the UN General Assembly in New York this week to consult with mediating nations. The official ruled out a meeting between Iranian President Pezeshkian and US President Trump on the sidelines of the assembly but said a deal remains possible if the US shows 'sincerity and commitment.' The news caused international oil prices to drop sharply, with WTI crude falling 2.12% to $90.408 per barrel and Brent crude down 1.05% to $95.225 per barrel, while US stock index futures turned positive.
Read sourceIran Offers to Reopen Strait of Hormuz in 7 Days if US Eases Military Pressure
On September 22, Iran signaled a willingness to reopen the Strait of Hormuz within seven days if the United States takes initial steps to ease military pressure, according to media reports. The proposal, conveyed to Washington through intermediaries, aims to restart negotiations for a permanent end to hostilities between the two countries. Iran plans to use this week's United Nations General Assembly in New York to consult with intermediary nations. Following the report, international oil prices fell sharply, with WTI crude briefly dropping below $91 per barrel, down 1.5% to $90.96. US stock futures also strengthened, with Dow futures turning positive. The report is attributed to an unnamed Iranian official and remains unconfirmed by US officials.
Read sourceIran Offers to Reopen Hormuz Strait if US Eases Military Pressure, Oil Plunges
An Iranian government official stated on Tuesday that Tehran is willing to reopen the Strait of Hormuz within seven days if the United States first takes steps to ease military pressure, as part of a renewed effort to restart negotiations. The proposal has been conveyed to Washington via intermediaries, and includes resuming talks aimed at permanently ending hostilities. Iran plans to use the UN General Assembly in New York to consult with mediating countries. The official ruled out a meeting between Iranian President Pezeshkian and US President Trump at the UN but said progress toward a deal is possible if Washington shows seriousness. Iran seeks signals that the US is ready to return to negotiations and end the blockade of Iranian ports. Zhongtai Securities analyzed two scenarios: a baseline where global powers coordinate to separate the Hormuz and Bab el-Mandeb issues, leading to oil price declines and improved tech stock performance; and a risk scenario where Iran and the Houthis remain linked, disrupting both straits and potentially causing oil prices to spiral out of control.
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