IRAN SAYS IT HAS PRESENTED A NEW PROPOSAL TO THE U.S. TO REOPEN THE STRAIT OF HORMUZ AND RESTART NEGOTIATIONS TOWARD A 'FINAL DEAL', WITH FOREIGN MINISTER ABBAS ARAGHCHI SAYING THE U.S. WOULD HAVE SEV

From: FirstSquawk

IRAN SAYS IT HAS PRESENTED A NEW PROPOSAL TO THE U.S. TO REOPEN THE STRAIT OF HORMUZ AND RESTART NEGOTIATIONS TOWARD A 'FINAL DEAL', WITH FOREIGN MINISTER ABBAS ARAGHCHI SAYING THE U.S. WOULD HAVE SEVEN DAYS AFTER ACCEPTING THE PROPOSAL TO MEET UNDISCLOSED CONDITIONS BASED ON THE JUNE ISLAMABAD AGREEMENT, WHICH COVERED SANCTIONS RELIEF, FROZEN ASSETS AND AN END TO MILITARY OPERATIONS. - CNN