Iran has proposed reopening the Strait of Hormuz within seven days if the United States fulfills conditions contained in a June memorandum of understanding, Iranian Foreign Minister Abbas Araghchi said at the United Nations in New York. The plan was delivered through Qatar, while a U.S. official said mediated discussions, including on nuclear issues, were positive. The 14-point June 18 agreement called for an end to military operations, sanctions relief, an end to the U.S. naval blockade and Iranian efforts to ensure commercial shipping could move safely through the strait, but it collapsed after both sides resumed strikes. Iranian President Masoud Pezeshkian said Tehran would allow UN nuclear inspectors into the country as part of negotiated arrangements. The Wall Street Journal reported that President Donald Trump rejected the proposal and sees renewed bombing as likely, though Washington has not issued an official response. The closure of the strait, which handled about 20% of global oil and liquefied natural gas flows before the war, has destabilized energy markets; Kpler data cited by Reuters showed about 18 daily transits over a recent 10-day period, falling as low as nine on some days. Bitcoin, which had climbed above $87,000 after gaining $20,000 since mid-August, retreated to $84,000 at press time amid renewed conflict concerns.