Iran Proposes Reopening Strait of Hormuz in Seven Days to US

• Iran's Foreign Minister Abbas Araqchi reiterated the proposal to reopen the Strait of Hormuz within seven days.
• The proposal is contingent on the US accepting conditions including lifting sanctions and ending aggression in the region.
• Tehran is currently analyzing the US response to the proposal.
• US President Donald Trump expressed optimism about a swift resolution to the conflict and lower gas prices.
• The offer to reopen the Strait of Hormuz remains on the table as of October 18.