June left the shipping rules unwritten
Foreign Minister Abbas Araghchi told reporters in New York on Thursday that Iran had passed Washington a plan through intermediaries. If the conditions were met, the Strait of Hormuz would open at the end of day 7 and talks would restart. Al Jazeera, citing the New York Times, reported a halt to hostilities in Gaza and Lebanon within 7 days, release of frozen assets of at least 12 billion dollars, a waiver on oil sanctions and an end to the naval blockade. Pakistan and Qatar brokered the memorandum signed on 17 June. It set 60 days for negotiations, came apart within weeks, and President Donald Trump declared it over on 7 July, in a war that had already outlasted that text.[1]
The 7-day proposal keeps that June sequence, a pause and then talks, and shortens a 60-day window to 7 days. Vague wording in the June text produced a quarrel over who controlled shipping through Hormuz, and Araghchi did not write a rule for that control into the new timetable. Cyrus Schayegh, a professor of international history at the Geneva Graduate Institute, said nothing had really changed: Iran still treats the June memorandum as the roadmap, and the US still refuses it.[1]
A shorter clock still leaves the strait's manager unnamed
Araghchi made the offer in public at the General Assembly and said a deal before the US mid-term vote would be better. Schayegh said he saw no significant movement before that vote. A smaller number of days does not name who directs traffic in Hormuz. The June quarrel was about that control, and the new timetable leaves the same blank.[1]