US, Iran to Hold Separate Mediator Talks as Oil Sanctions, Hormuz Reopening Remain on Table

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US, Iran to Hold Separate Mediator Talks as Oil Sanctions, Hormuz Reopening Remain on Table
PrimeXBT Editorial Team
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Qatari mediators are set to hold separate talks with Iran and the United States on Monday or Tuesday over an amended seven-day proposal to end the war, an official briefed on the negotiations told Reuters. The plan would lift sanctions on Iranian oil and reopen the Strait of Hormuz, but President Trump has already rejected the current terms.

Mediators to meet both sides separately

Qatari mediators are likely to meet Iranian Foreign Minister Abbas Araqchi in New York and hold separate talks with the US side on Monday or Tuesday, an official briefed on the negotiations said. The talks will examine an amended version of the seven-day proposal Iran presented last week on the sidelines of the United Nations General Assembly.

Araqchi has remained in New York since the General Assembly, and it was not immediately clear who would represent the US side. Iran's semi-official ISNA news agency later confirmed Araqchi would meet the mediators on Monday morning, New York time. A spokesperson for Iran's Foreign Ministry said Araqchi's stay had not been extended and that he would return to Tehran on his original schedule, without commenting on the mediator talks.

Oil sanctions and Hormuz on the table

Iran's seven-day plan calls for an end to hostilities in Iran and Lebanon, the unfreezing of billions of dollars in Iranian assets, an end to sanctions on Iranian oil, and the lifting of the US blockade on Iranian ports. Under the plan, Tehran would then allow the reopening of the Strait of Hormuz, and the two sides would resume talks on Iran's nuclear programme.

Trump signals more talks despite rejection

Trump said on Saturday he had rejected Iran's proposal, arguing Tehran wanted a swift agreement because of the economic pressure it faces. He also told Axios on Sunday that he expected US negotiators to engage in further talks this week. Araqchi said mediators had not formally conveyed a US rejection to Tehran and that Iran was awaiting Washington's definitive position before deciding its next steps. He added that any move toward reopening the Strait of Hormuz depends on Iran's conditions being met, and that only a negotiated solution could resolve the impasse.

Source: Commodities & Futures News

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