IRAN THREATENS TO KEEP STRAIT OF HORMUZ CLOSED UNLESS US ACCEPTS 7 - DAY DEAL

What happened: Iran's foreign minister said the Strait of Hormuz will stay closed unless the US accepts Tehran's conditions under a seven-day initiative that would fully reopen the waterway on the sixth day. Iran's top security official said no enriched uranium will leave the country. Why it matters: Araghchi said Washington agreed to the conditions but wanted additional provisions, and Rezaei said no talks will occur until the US fulfills all of Iran's conditions. The uranium stance is described as a major obstacle to any nuclear arrangement.

Iran's foreign minister said the Strait of Hormuz will stay closed unless the US accepts Tehran's conditions under a seven-day initiative that would fully reopen the waterway on the sixth day. Iran's top security official said no enriched uranium will leave the country.

Araghchi said Washington agreed to the conditions but wanted additional provisions, and Rezaei said no talks will occur until the US fulfills all of Iran's conditions. The uranium stance is described as a major obstacle to any nuclear arrangement.