Iran says still in talks with mediators on Hormuz reopening plan

The signal here is that Tehran is framing the Hormuz plan as diplomacy-first while explicitly pairing it with military readiness — a dual-track posture that keeps the negotiating channel alive without conceding leverage. Mediators, not bilateral counterparts, are the conduit, which keeps the process deniable and reversible for all sides. For energy and shipping markets, the operative question is whether the "seven-day" framing is a genuine implementation timeline or a bargaining device; the gap between discussing a plan and executing one is where risk sits. Whether Araghchi's communication channel produces a concrete start date is the thing to watch.