Iran offers to reopen Strait of Hormuz in exchange for US compensation, sources say

(Al Arabiya) Iran presented two proposals during Pakistani army chief Asim Munir’s visit to Tehran on Saturday, diplomatic sources told Al Arabiya, as Islamabad intensifies efforts to mediate between Iran and the United States and prevent a renewed outbreak of war. According to the sources, Tehran offered to reopen the Strait of Hormuz in exchange for the US paying compensation to Iran. Tehran also requested that discussions on sanctions relief and frozen Iranian funds take place before any agreement is signed. Iranian foreign ministry spokesman Esmaeil Baghaei said on Saturday “we are both very far from and very close to an agreement,” adding that the purpose of Pakistani army chief Asim Munir’s visit to Tehran was to exchange messages between Iran and the US. – Iran offers to reopen Strait of Hormuz in exchange for US compensation, sources say