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Iran ready to reopen Strait of Hormuz if US eases military pressure and lifts blockade
The proposal would also revive talks on ending hostilities, as oil prices fell after the report eased concerns over shipping disruptions.
On Tuesday, Iran offered to reopen the Strait of Hormuz within seven days if the United States takes initial steps toward easing military pressure, according to a senior Iranian official speaking to Kyodo News.
Supreme Leader Mojtaba Khamenei and the Supreme National Security Council approved the initiative as port restrictions squeeze Tehran's crude oil exports, a main revenue source.
On Saturday, Supreme National Security Council Secretary Mohsen Rezaei presented Washington with seven conditions, including an end to the blockade of Iranian ports and the unfreezing of Iranian assets.
Tehran plans to use the General Assembly gathering in New York to consult with intermediaries, though an official ruled out a meeting between Iranian President Masoud Pezeshkian and President Donald Trump.
Tensions persist as an Aug. 16 deadline approaches, with the Supreme National Security Council having previously authorized Iran to retain the option of attacking U.S. forces if the blockade remains.
"The US has to announce that it intends to resolve the issue diplomatically, formalize this position and then agree on a timetable for the progress of the process," said the same source.