Iranian FM Says Hormuz Strait Will Reopen Within Seven Says If U.S. Meets 'Certain Conditions.' Oil Retreats.

Iranian Foreign Minister Abbas Araghchi said the Strait of Hormuz will be reopen within seven days if the U.S. meets "certain conditions."

Iranian Foreign Minister Abbas Araghchi said the Strait of Hormuz will be reopen within seven days if the U.S. meets "certain conditions."

Speaking to press on the sidelines of the United Nations General Assembly, Araghchi said such a scenario will also herald renewed talks.