U.S., Iran Discuss Phased Deal to Reopen Hormuz

U.S. and Iranian negotiators are discussing a phased agreement that would allow Tehran to reopen the Strait of Hormuz and Washington to lift its blockade of Iranian ports, according to a person with knowledge of the talks.

The discussions are happening during the United Nations General Assembly, with Qatari officials acting as mediators, the person said, though they did not specify their identity.

The proposed deal is structured in phases and is similar to a memorandum of understanding signed in mid-June 2023, which resulted in a temporary ceasefire that collapsed shortly after.

Both nations have previously rejected similar agreements, but the current push for a breakthrough suggests a shift in diplomatic strategy amid ongoing tensions.

The success of this new approach remains uncertain, as past efforts have faced significant obstacles and limited progress.