Iran announced on 22 September 2026 that it is prepared to reopen the Strait of Hormuz within seven days if the United States removes its blockade on Iranian ports.
President Masoud Pezeshkian departed Tehran for the UN General Assembly, where Iranian delegates are consulting with mediators from Pakistan and Qatar rather than meeting Donald Trump directly.
Weekend cargo transits through the strait fell from 37 to 17 vessels, while Brent crude oil prices dropped below $100 per barrel to trade between $97.71 and $98.53.
Iran's central military command warned on 20 September 2026 that any resumption of United States combat operations in the region would trigger unrestricted retaliation.
On 22 September 2026, Iranian government officials presented a conditional offer to reopen the Strait of Hormuz within seven days. The proposal requires the United States to reduce military pressure across the region and lift the naval blockade imposed on Iranian commercial ports and shipping vessels. Iranian representatives confirmed that the draft proposal was officially transmitted to Washington on 16 September 2026 through international mediators. According to Iranian officials, the initiative is intended to restart stalled negotiations and establish a verifiable roadmap toward a permanent cessation of military hostilities. Iranian representatives stated that progress depends on Washington making an explicit, formal commitment to resolve the crisis through diplomacy and agreeing to a structured schedule for implementation.
The diplomatic initiative coincides with the annual convening of the United Nations General Assembly in New York. Iranian President Masoud Pezeshkian departed Tehran on Tuesday morning to attend the summit, accompanied by a delegation holding full mandate to engage in diplomatic discussions. Iranian officials stated that indirect talks will be conducted in New York through mediating nations, specifically Pakistan and Qatar, which previously facilitated a June 2026 memorandum of understanding between Washington and Tehran. Although US President Donald Trump stated over the weekend that he was "probably" open to a dialogue, Iranian officials ruled out any direct face-to-face meeting between Pezeshkian and Trump at UN headquarters. Iranian representatives maintained that substantive discussions on technical terms and security guarantees will proceed entirely through intermediary channels.
“The UN General Assembly represents a golden opportunity for the US to return to diplomacy.”
The current crisis stems from mid-July 2026, when Iranian forces closed the Strait of Hormuz following US air strikes against targets in southern Iran. Washington reacted by establishing a naval encirclement around Iranian ports and opening a protected channel along the southern corridor of the strait to route international commerce. Previous Iranian terms for reopening the passage included demands related to broader regional conflict, specifically Israeli operations in Lebanon, as well as the unfreezing of Iranian financial assets abroad. Security conditions deteriorated further on 20 September 2026, when Iran's central military command announced intelligence indicating that the US military was preparing to resume joint combat operations with regional allies. In response, Iranian commanders warned that any renewed offensive actions would trigger immediate retaliation without restrictions or hesitation.
The Strait of Hormuz in peacetime accounted for roughly 20% of global petroleum transport, with an estimated 120 commercial vessels transiting the strait each day before the conflict. Recent maritime monitoring data indicated that visible cargo traffic dropped to 17 vessels over the weekend of 20 September 2026, down from 37 vessels during the preceding weekend, as several commercial operators rerouted ships or turned off transponders to obscure transit movements. In global energy markets, Brent crude oil dropped below $100 per barrel, trading between $97.71 and $98.53 per barrel on 22 September 2026 for its fourth consecutive declining session. Market expectations were influenced both by the reopening proposal and by Saudi Arabia preparing to restart flows through its East-West pipeline, which had been shut down following drone strikes. Simultaneously, global sovereign debt yields eased, with the US 10-year Treasury yield trading near 4.93%.
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Tehran has submitted terms through mediators to reopen the Strait of Hormuz within seven days if Washington halts military pressure and removes restrictions on Iranian ports.
AI text based on reports by Ziare.com, Η Ναυτεμπορική, Notícias ao Minuto and other publishers. Published .