Iranian foreign ministry spokesman Esmaeil Baqaei characterized the proposed two-day reopening timeline as a demonstration of his government's good-faith approach. The offer follows diplomatic efforts to avert further conflict even as Donald Trump issued a fresh war threat at a midterm election rally. Tehran's ongoing maritime blockade has directly driven energy prices higher, posing a political challenge for Trump ahead of the elections. Normal passage through the corridor is crucial for world markets because roughly one-fifth of global oil consumption typically traverses the waterway.
Key points
Reopening the vital Gulf corridor depends entirely on Washington accepting Tehran's speci…: Reopening the vital Gulf corridor depends entirely on Washington accepting Tehran's specified conditions.
High energy prices resulting from the blockade continue to present a difficult electoral…: High energy prices resulting from the blockade continue to present a difficult electoral challenge for President Trump.
Diplomatic mediation efforts to prevent renewed war are unfolding alongside fresh militar…: Diplomatic mediation efforts to prevent renewed war are unfolding alongside fresh military threats issued at U.S. campaign rallies.
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Iran on Monday said it was ready to reopen the Strait of Hormuz within two days if Washington agrees to conditions, as US President Donald Trump issued his latest war threat at a rally for midterm elections.
A senior Iranian official said the offer to open the vital energy corridor, which follows intense efforts by mediators to stop a return to war, showed "good faith".
Tehran has blockaded Hormuz since the war started in February, sending energy prices soaring and posing an electoral challenge for Trump. The narrow gateway to the energy-rich Gulf normally carries one-fifth of global oil consumption.
"The possibility of implementing this plan in two days is another indication of Iran's good-faith approach," foreign ministry spokesman Esmaeil Baqaei told reporters at a briefing.
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