Market Flux Event
Iran Offers to Reopen Strait of Hormuz in 6 Days if US Meets Conditions as Parliament Confirms New Defence Minister
Read this in the Market Flux appIran's Foreign Minister Abbas Araqchi stated on October 18 that Tehran's week-long offer to reopen the Strait of Hormuz remains on the table, saying the waterway could reopen within six days if Washington accepts Iran's terms, with negotiations set to resume on the seventh day. The conditions, communicated through Araqchi's Telegram channel, include a halt to what Tehran describes as US acts of aggression and an end to the naval blockade.
On the same day, Iran's parliament confirmed Mehrdad Akhlaqi Ketabchi as defence minister, ending months of interim leadership at the ministry. Akhlaqi is a longtime veteran of Iran's defence industry with senior roles in its aerospace and missile sectors, and is subject to both US and EU sanctions for his work in that sector. His new defence minister has already signalled an assertive posture, threatening what he called enormous damage to the US and its allies if Washington resumes attacks.
Regional tensions were also evident on the ground, with Houthi forces releasing footage they claimed showed Yemeni air defences shooting down a Saudi AH-6i attack helicopter near Najran using a domestically produced surface-to-air missile. Egypt's National Defence Council responded to the broader conflict environment by pledging full solidarity with Saudi Arabia, with the Egyptian presidency formally announcing its commitment to provide all forms of support to the kingdom in defending its security and stability.
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Sources
- Ahmed🚨 Egypt’s National Defence Council, chaired by President El-Sisi, approves deploying troops in Saudi Arabia. Parliament due to convene for emergency session today to authorise defensive measures to support the kingdom
- MoloWarMonitorThe Houthis released footage showing Yemeni air defenses shooting down a Saudi AH-6i attack helicopter near Najran. According to their statement, the aircraft was struck by a domestically produced SAM while operating near the border of Yemen.
- FinancialjuiceEgypt to offer full support to Saudi Arabia for safety and stability: Egyptian presidency
- DeItaoneIRAN'S FOREIGN MINISTER SAYS IF US COMPLIES WITH IRAN'S CONDITIONS STRAIT CAN BE OPEN WITHIN 6 DAYS, TALKS RESUME ON 7TH DAY - TELEGRAM CHANNEL
- FirstSquawkIran’s foreign minister: if US meets Iran’s terms, strait could reopen within 6 days, talks to resume on 7th day
- BullTheoryioBREAKING: 🇮🇷 Iran's Foreign Minister says the Strait of Hormuz could reopen within 6 days if the US accepts its terms with negotiations set to resume on day 7.
- AhramonlineEgypt’s National Defence Council pledges support for Saudi Arabia
- InvestingIran appoints new defence minister amid escalating tensions with U.S.
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- ChoukeirJIran's parliament approved Mehrdad Akhlaqi Ketabchi as defence minister on Sunday, ending months of interim leadership at the ministry and placing a former defence sector veteran in charge of the country's defence production and procurement apparatus. Akhlaqi has spent decades in Iran's defence industry and has held senior roles in its aerospace and missile sectors. He is subject to US and EU sanctions over his work in Iran's defence sector.
- ReutersIran urges US to accept proposal to reopen Strait of Hormuz
- EuronewsIn her weekly newsletter, Euronews’ Europe editor Maria Tadeo debriefs the zeitgeist from Brussels. This week, she argues that Trump is scapegoating Zelenskyy for political reasons ahead of the US midterm elections. #EuropeNews
- Osint613NEW: Egypt enters the Saudia Arabia - Houthi conflict. President El-Sisi and his National Defence Council has approved a troop deployment. This morning, at least 2 Egyptian C-130H military transport aircraft landed at King Fahd Air Base in Taif, Saudi Arabia.
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- MenchOsint⭕️ Oil Tanker was struck in the southern corridor of the Strait of Hormuz. "A tanker involved in illegal activity exploded and caught fire in its engine room after being hit by a naval mine in the southern part of the Strait of Hormuz." — IRGC *vessel was sailing with AIS switched off
- HormuzLetterBREAKING: Iran announces an oil tanker has hit a naval mine while exiting the Strait of Hormuz through the US-backed southern Omani corridor, with a massive fire in the engine room.