Iran has offered to reopen the Strait of Hormuz and resume talks on its nuclear programme 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 Abbas Araghchi detailed the proposal in a private gathering on Thursday (September 24, 2026) on the sidelines of the UN General Assembly in New York, according to one attendee.

Trita Parsi, Executive Vice-President of the Quincy Institute think tank, who attended, said Mr. Araghchi suggested that a speedy agreement would help U.S. President Donald Trump ahead of November’s midterm elections.

There was no immediate comment from Iran’s UN mission or other Iranian officials.

The proposal strongly resembles the so-called Memorandum of Understanding (MoU) reached in June, but with an accelerated timetable. The earlier agreement, which had called for a 60-day interim period, quickly collapsed as Iran resumed attacks on shipping in the strait.

Mr. Trump has said he is in no rush to reach a deal, even as high oil prices fuel inflation and exacerbate cost of living concerns. On the Iranian side, there are questions as to whether the hard-liners who dominate the security forces will accept compromises championed by relative moderates, like President Masoud Pezeshkian.

“If Trump calculates this arrangement is worthwhile and can bring political benefit before the midterms and reduce gas prices, perhaps we’ll see flexibility not seen in previous weeks,” Mr. Parsi said. But he noted “deep suspicion,” especially around the prospect of Iran merely buying time to get out more of its oil and ease its economic pain.

In the latest sign of diplomatic movement, Mr. Pezeshkian hosted the Prime Minister of Qatar early Friday (September 25, 2026). Qatar has served as a key mediator, including during hours of indirect Iranian-US talks at the UN this week.

It was not clear how long Mr. Pezeshkian and Mr. Araghchi would stay in the U.S. after Mr. Pezeshkian addressed the annual UN gathering of world leaders on Wednesday (September 23, 2026).

U.S. Secretary of State Marco Rubio said that “if there’s an opportunity to exchange ideas and messages, we will.”

 Iran conveyed ​its conditions for reviving ‌diplomacy to the U.S. ​in ⁠a two-hour-long exchange of messages through a mediator ‌on the sidelines of ‌the UN ‌General Assembly ⁠on Tuesday (September 22, 2026), Iran’s ⁠Foreign Ministry Spokesperson Esmaeil Baqaei said on X ​on ‌Wednesday (September 23, 2026).

Conditions conveyed through a Qatari mediator included accepting the safe ‌route in ​the Strait of Hormuz on ⁠which understanding between the two coastal ‌countries has been reached, end of U.S. action against Iran including economic “terrorism”, naval ‌blockade, release of frozen ​assets and ending the war on ⁠all fronts, he ⁠said.

Pakistan’s Army chief Asim Munir will visit Tehran on ​Monday (August 24, 2026) to continue efforts to bring peace and ‌security to the region, Iran’s Foreign Ministry ​spokesperson Esmaeil Baghaei said on Sunday (August 23, 2026), ⁠according to a statement by the ministry.

Pakistan has taken on a mediator role in negotiations between Iran and the ‌U.S. aimed at ending the war which began with U.S. and Israeli strikes ‌on Iran in February.

Two Pakistani government ‌sources ⁠confirmed Mr. Munir’s visit to Reuters. The first ⁠source said that Iran and Pakistan were in direct contact.

A second source said the talks would also address ​recent developments in the conflict, ‌including U.S. President Donald Trump’s threat of tougher sanctions on Iran.

“He (Munir) will discuss peace under Islamabad’s MoU, Trump’s warning and the situation ‌after the Pakistan-Turkey-Saudi Arab Agreement and Houthi issues ​with Iranian leaders,” the source said.

The visit comes amid heightened tensions as ⁠Iran threatens a military response to U.S. plans for sanctions that could further put a strain on ‌the Islamic Republic’s ailing economy.

It will coincide with a Monday announcement on details related to the planned sanctions which U.S. officials have said would be “the toughest sanctions in history” on Iran.

Mr. Trump had warned of economic consequences against ‌any country that provided “any type of lifeline to Iran” ​as he seeks to isolate the Islamic Republic.

Oil shipments are at a virtual ⁠standstill in the Strait of Hormuz, with Tehran threatening ⁠to strike any unauthorised oil tankers that try to transit the vital waterway, and ‌Iran’s economy is already under immense pressure from sanctions.

Pakistan has said talks between the U.S. and Iran are expected to resume next week.

In a statement issued late on Wednesday (June 24, 2026), Pakistan’s foreign office spokesperson Tahir Andrabi said “parties are on the table” and that the process was going on.

The U.S. and Iran last week signed a memorandum of understanding aimed at restoring peace in West Asia.

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Earlier this week, they engaged in technical-level talks in Switzerland’s Burgenstock, in the presence of mediators Pakistan, which has signed the memorandum as a “guarantor”, and Qatar, following which they agreed on a roadmap towards a final peace deal in 60 days.

“Talks are continuing. I believe that the talks will resume next week, probably on Tuesday… Basically, this is a temporary gap, and it is not as such a break,” Mr. Andrabi was quoted as saying in the statement.

“Our delegation was there in Burgenstock for the 22nd June talks. I understand that our delegation will also be there when the talks resume next week,” he added.

He also said the expected resumption of talks between the U.S. and Iran next week was a “positive development”.

However, the U.S. and Iran have not yet said anything on the possible resumption of talks.

Equity benchmark indices Sensex and Nifty declined in early trade on Tuesday (June 2, 2026) as investors remained concerned over the U.S.–Iran situation, with diplomatic efforts to resolve the crisis encountering repeated setbacks.

Persistent foreign fund outflows also hit markets’ sentiment.

The 30-share BSE Sensex declined 296.19 points to 73,971.30 in early deals. The 50-share NSE Nifty dropped 103.30 points to 23,272.25.

From the 30-Sensex firms, Bajaj Finance, Eternal, Bajaj Finserv, Power Grid, Larsen & Toubro and NTPC were among the biggest laggards.

Infosys, Tata Consultancy Services, Tech Mahindra, HCL Tech, Asian Paints and Mahindra & Mahindra were the gainers.

In Asian markets, South Korea’s benchmark Kospi, Japan’s Nikkei 225 index and Shanghai’s SSE Composite index quoted lower, while Hong Kong’s Hang Seng index traded higher.

U.S. markets ended in positive territory on Monday (June 1, 2026).

“The U.S.–Iran situation remains unresolved, with diplomatic efforts encountering repeated setbacks and no definitive breakthrough yet emerging. The prolonged tensions in the Middle East have kept global risk appetite restrained, prompting investors to adopt a more defensive stance amid concerns over regional stability and the broader implications for energy markets,” Ponmudi R., CEO of Enrich Money, an online trading and wealth-tech firm, said.

U.S. President Donald Trump said he persuaded Prime Minister Benjamin Netanyahu to call off the strike on Beirut, following which the Israeli leader “turned his troops around”.

Mr. Trump made the announcement on Truth Social on Monday (June 1) evening amid reports that the conversation between the two leaders was “heated” and the U.S. President telling Mr. Netanyahu that he would have been in prison but for his intervention.

The phone calls came after Iran threatened to end the negotiations with the U.S. over Israel’s attacks on Lebanon.

Meanwhile, Foreign Institutional Investors (FIIs) offloaded equities worth ₹3,911.68 crore on Monday (June 1), according to exchange data.

Brent crude, the global oil benchmark, traded 0.73% lower at $94.29 per barrel.

“The trend of sustained AI trade, new records for markets in U.S., South Korea and Taiwan, sustained FPI selling in India and India’s underperformance are continuing with no immediate signs of reversal,” V.K. Vijayakumar, Chief Investment Strategist, Geojit Investments Limited, said.

On Monday (June 1, 2026), the Sensex dropped 508.40 points, or 0.68%, to settle at 74,267.34. Falling for the fourth consecutive day, the Nifty edged lower by 165.15 points, or 0.70%, to end at 23,382.60.

The leaders of France and the U.K. will gather dozens of countries — but not the United States — on Friday (April 17, 2026) to push forward plans to reopen the Strait of Hormuz, a key oil route choked off by the U.S.-Israeli war on Iran.

The Paris meeting is part of attempts by sidelined nations to ease the impact of a conflict they didn’t start and haven’t joined, but that has sent the global economy reeling. After the war started on Feb. 28, Iran effectively shut the narrow strait through which a fifth of the world’s oil usually passes.

U.S. President Donald Trump on Sunday (April 12, 2026) said his “civilisation will die” remarks brought Iran to the bargaining table for the now failed peace talks, and predicted that they will come back.

“Let me tell you, that statement got them to the bargaining table, and they have it left. They have left the bargaining table. I predict they come back and they give us everything we want,” Mr. Trump told Fox News programme ‘Sunday Futures’.

In a strong denouncement of “outrageous” remarks made by Pakistan Defence Minister Khawaja Asif, Israel has raised doubts about his country’s role as a “neutral arbiter”.

“Pakistan Defence Minister’s call for Israel’s annihilation is outrageous,” the Israeli Prime Minister’s Office said in a post on X.