US and Iranian negotiators in New York are examining a phased path to ending the war, under which Iran would reopen the Strait of Hormuz and the United States would lift its economic blockade against Tehran.
Reuters reported on Thursday, September 24, that the proposal is being considered as the Strait of Hormuz has become one of the main bargaining tools between the two sides for ending the nearly seven-month-long conflict.
According to sources close to the negotiations, Iran is seeking an end to the economic blockade and access to its frozen assets, while the United States wants the free passage of ships through the Strait of Hormuz to resume.
A senior Iranian official said the best way to end the conflict would be a phased agreement under which Iran would allow passage through the Strait of Hormuz in exchange for the lifting of the US economic blockade and access to its frozen assets.
It is said that the main challenge facing the negotiators is not only reaching an agreement, but also ensuring that the concessions made by both sides are sustainable and establishing the trust needed to implement it.
