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Satellite view of the Strait of Hormuz and the Musandam Peninsula from the International Space Station
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Iran weighs U.S. reply on Hormuz plan as Trump denies sanctions offer

Iranian Foreign Minister Abbas Araqchi received U.S. feedback through Qatari mediators on a seven-day trust-building plan for the Strait of Hormuz, officials said, as President Trump denied reports he offered sanctions relief and crude prices moved on the diplomacy headlines.

By US Brief desk · Updated 2026-09-30T06:16:00-07:00

AI-assisted · US Brief desk · Sources listed below

What happened

An official briefed on the talks told Reuters (via Al-Monitor) that Foreign Minister Abbas Araqchi got U.S. feedback from Qatari mediators in Doha on Tuesday on a seven-day trust-building plan meant to return the sides toward an enhanced version of a June memorandum of understanding, including nuclear steps. Araqchi was expected to discuss the reply in Tehran on Wednesday; CNBC said he briefed the Iranian cabinet on a U.S. proposal after the Doha meetings. On Wednesday, government spokeswoman Fatemeh Mohajerani told IRNA that Araghchi presented the U.S. response to President Masoud Pezeshkian at a Cabinet meeting, without disclosing its contents, the Associated Press reported.

Why it matters

Any credible path to reopen Hormuz would ease a major oil-supply shock driving U.S. fuel politics into the midterms — but sequencing disputes and Trump’s public hard line leave a ceasefire far from locked in.

What’s next

Watch Araqchi’s public reaction after the cabinet briefing, whether Qatar announces another shuttle round, and whether military strikes continue in parallel with talks.

More context

Indirect U.S.–Iran diplomacy moved again this week: Tehran received Washington’s reply to its Strait of Hormuz proposal via Qatar, while President Trump publicly denied offering sanctions relief and kept claiming the war could end soon without spelling out terms.

Sequencing fight: The same Reuters-briefed official said disagreement centers on the order of steps, not the components. Iran last week floated reopening Hormuz if conditions were met; Trump publicly rejected that plan, prompting another Qatari shuttle. Qatar’s foreign ministry spokesperson Majed al-Ansari said Doha is “working towards establishing a common ground” to limit the conflict’s fallout, CNBC reported.

Trump’s denial: In a late-Tuesday Truth Social post, Trump dismissed an Axios report that he was willing to give sanctions relief and release frozen Iranian funds for “concrete steps” on the nuclear program, writing “This is untrue. I offered them NOTHING!” and calling the story a “HOAX,” CNBC reported. Separately, Trump has said the war will end “very soon” without providing details, per Al Jazeera’s live coverage — a claim US Brief treats as unverified political messaging.

Markets: CNBC said Brent was up about 1.2% near $103.78 a barrel and WTI near $90.39 in early Wednesday trading as traders weighed diplomacy headlines against the still-unresolved Hormuz disruption.

Uncertainty: The U.S. feedback text has not been published; single-source briefings describe it. Trump’s “very soon” timeline has no documented terms. Oil prints move quickly and may not match later settlements.

4 listed sources

References listed by US Brief; a source count is not a verification score.

Editorial sourcing notes

Update of Sep 27 draft. New sourcing: Al-Monitor (Reuters), Sep 30, 2026 — Araqchi received US feedback in Doha Tuesday; sequencing is main sticking point; seven-day trust-building toward enhanced June MoU. CNBC (Hugh Leask), Sep 30, 2026 — Trump Truth Social denial of Axios sanctions-relief/frozen-funds story (“I offered them NOTHING”); Araqchi briefing cabinet; Qatar MFA Majed al-Ansari quote; Brent ~$103.78 / WTI ~$90.39 early Wed. Anadolu Morning Briefing Sep 30 and Al Jazeera live blog — Trump “very soon” / Hormuz oil remarks (treat as political claims). US Brief has not seen the U.S. feedback document. ~6:25 a.m. PT: added Mohajerani/IRNA confirmation of the Cabinet presentation per AP.

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