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Iran receives US feedback on seven-day trust-building plan
Sequencing remains the main dispute as mediators relay a seven-day trust-building plan tied to nuclear steps and reopening the Strait of Hormuz.
On Wednesday, Iranian Foreign Minister Abbas Araghchi presented the U.S. response to President Masoud Pezeshkian at a cabinet meeting, confirming Iran received Washington's official reply to its seven-day trust-building proposal for ending the Middle East war.
Iran proposed a seven-day plan requiring Washington to lift oil sanctions, unfreeze roughly $12 billion in assets, and end the naval blockade; sequencing of these steps remains the primary disagreement between the two nations.
Tehran's currency hit a record low of more than 2.5 million rials per dollar on Tuesday, reflecting severe economic erosion as the U.S. Treasury Department imposed new sanctions targeting entities accused of supporting Iran's military supply chain.
Despite President Donald Trump's public rejection of the proposal on Saturday, Qatar's mediators continue facilitating communication between Washington and Tehran, keeping diplomatic channels open despite the impasse.
The U.S. continues implementing the 'Operation Economic Outcast' campaign to sever critical financial lifelines while officials monitor potential for renewed hostilities after the November 3 midterm elections.