Al Jazeera reported on September 25, 2026, that Iranian Foreign Minister Abbas Araghchi, speaking at the UN, said Iran would reopen the Strait of Hormuz within seven days but that the choice rested with the US. The outlet said the plan was based on a previously agreed memorandum of understanding brokered in June. Separately, a commenter put the cost of getting oil out of Hormuz at $30–40-plus per barrel, excluding US military costs, and argued that this would not work if global prices fell or Gulf exporters tried to push their prices higher.