US and Iran resume indirect talks on Hormuz shipping and sanctions

September 29, 2026 at 08:49 AM2 min

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Mediators continue indirect talks between the US and Iran on ending hostilities and reopening the Strait of Hormuz. Iran has proposed a seven-day countdown once Washington accepts its plan, while the US seeks nuclear concessions. Brent crude has surpassed $108 per barrel amid shipping restrictions.

Key Facts

Iranian Foreign Minister Abbas Araghchi said a seven-day countdown will begin once the US accepts Tehran's proposal.
Brent crude exceeded $108 per barrel as shipping restrictions through the Strait of Hormuz affect global oil supplies.
Washington seeks Iranian concessions including inspector access to its nuclear program, while allowing possible sanctions relief and unfreezing of some assets.
Iran is discussing a separate temporary shipping regulation mechanism with Oman.

Negotiation Status

Mediators continue indirect talks between the US and Iran on ending hostilities and restoring shipping through the Strait of Hormuz. Associated Press reports that regional representatives and American officials confirm contacts are ongoing, though serious disagreements remain. The proposed agreement calls for a phased lifting of restrictions, starting with opening the strait and removing the US blockade before sanctions relief. Iran insists on free passage of vessels and is separately discussing a temporary shipping mechanism with Oman.

Nuclear Program Demands

Washington is pressing Tehran for concrete concessions, including allowing inspectors access to its nuclear program. The US is open to easing sanctions and unfreezing some Iranian assets in exchange for progress on the nuclear issue. Iranian Foreign Minister Abbas Araghchi stated that a seven-day countdown will begin as soon as the US accepts Tehran's plan. The proposal includes a cessation of hostilities followed by the opening of the Strait of Hormuz.

Public Positions and Market Impact

President Donald Trump previously rejected the Iranian proposal, but mediators continue working toward a possible agreement. Some sources told AP of slight progress and efforts to soften both sides' positions. Restrictions on vessel movement through the Strait of Hormuz are affecting global oil supplies, with Brent crude exceeding $108 per barrel.