Iran Proposes Deal To Re-Open Strait Of Hormuz

(AP) – Iran has offered to reopen the Strait of Hormuz and resume talks on its nuclear program in seven days if the United States lifts its naval blockade, waives sanctions on Iranian oil sales and observes a ceasefire that would include Lebanon. Iran’s foreign minister detailed the proposal in a private gathering on Thursday on the sidelines of the United Nations General Assembly in New York, according to one attendee. The deal strongly resembles the so-called Memorandum of Understanding reached in June, but with an accelerated timetable. The earlier agreement quickly collapsed as Iran resumed attacks on shipping in the strait.