Iran says it could reopen Strait of Hormuz within two days if US meets its demands

Iran says it could reopen the Strait of Hormuz, one of the world's most important oil shipping routes, within 48 hours if the United States accepts its conditions for ending the war between the two countries.
What Iran said
Foreign Ministry spokesman Esmaeil Baghaei said on Monday, 2 November 2026, that Tehran had shortened an earlier seven-day proposal to two days, and reportedly described this as a sign of good faith. He said reopening the waterway and returning to negotiations depended on Washington agreeing to Iran's demands, and that messages were still being exchanged through mediators.
Iran's conditions
According to reports, Iran wants an end to the war across the Middle East, the release of its frozen assets abroad, the lifting of sanctions on its oil sector and an end to the US naval blockade of its ports. Foreign Minister Abbas Araghchi has also called for a new transit arrangement for ships passing through the strait, agreed between Iran and Oman, and fewer US troops in the region.
Background
The two countries have been in conflict for about eight months. Iranian and Qatari negotiators held three days of talks in Doha aimed at reaching a deal, but they ended without a breakthrough. On Sunday, President Donald Trump told a rally that the US might eventually have to give Iran 'the hammer', and Iran's army said it was ready for a long war.
Why it matters
A large share of the world's oil passes through the Strait of Hormuz. Disruption there affects global oil prices, which matters for Nigeria's earnings from crude oil and for fuel costs around the world.
- Iran cut its proposed timeline from seven days to two.
- It wants sanctions lifted and the naval blockade ended.
- Talks in Doha ended without a breakthrough.
