Country says US must lift sanctions on its oil exports and end the war on all fronts, including in Lebanon

Iran said it has told Donald Trump it is willing to open the strait of Hormuz in six days, and to start talks on its nuclear program the day after, so long as the US lifts sanctions on Iran’s oil exports in return, ends the war on all fronts – including in Lebanon – and releases some of Iran’s frozen assets.

The proposal is designed to accelerate the steps first laid down in the memorandum of understanding signed by the US and Iran in June, particularly by helping the talks on Iran’s nuclear program start much more quickly than previously agreed.

Trump says further talks possible as barrel of Brent crude falls to below $100 for first time in two weeks

Iran has pushed back on claims that it dropped former preconditions for reopening the strait of Hormuz in surprise talks held in New York under the mediation of Qatar between Tehran’s foreign minister, Abbas Araghchi, and Donald Trump’s envoys Steve Witkoff and Jared Kushner.

Trump said the three-hour talks held in a room at the UN headquarters had gone very well and been very productive. He suggested further talks were possible imminently, which led to the price of a barrel of Brent crude to fall to below $100 (£75) for the first time in two weeks. Witkoff said the talks had been “encouraging, constructive and successful”.