Iranian Foreign Minister Abbas Araghchi said Qatari-mediated talks produced a revised proposal to reopen the Strait of Hormuz within two days, shortened from Qatar's earlier five-day proposal. Implementation remains conditional on Tehran's demands. * Iran's Conditions: Lifting sanctions imposed after the Islamabad memorandum, reducing U.S. forces in the region, restoring oil export waivers and releasing all frozen Iranian funds, including those held in Qatar. * Shipping Routes: Tehran demands recognition of routes discussed with Oman and closure of alternative passages through the strait. * Diplomatic Outlook: Araghchi said reopening Hormuz under Iran's conditions would pave the way for renewed U.S.–Iran negotiations on unresolved issues. No final agreement was announced. 31-OCT-2026 10:05 AM ET