[U.S. Official: U.S. and Iran Engaged in "Active and Constructive" Negotiations] According to a report by Golden Finance, a U.S. official stated that the United States is engaging in "active and constructive" consultations with Iran after Tehran proposed a plan—once the proposal is accepted, the Strait of Hormuz would be opened and negotiations resumed. The official also noted that the U.S. is not in a hurry to reach an agreement, as it holds a favorable position; in the past 48 hours, nearly 40 million barrels of crude oil have passed through the Strait of Hormuz under U.S. escort. Iranian Foreign Minister Abbas Araghchi earlier told reporters that Iran had submitted a seven-day plan to U.S. mediators this week. If specific conditions in the proposal are met, the Strait of Hormuz will be opened after the seven-day period, and both sides will resume negotiations to strive for a final agreement. The terms of this proposal heavily reference the 14-point memorandum of understanding signed by President Trump in June of this year. Several U.S. officials, including President Trump himself, have stated that the talks are progressing smoothly, but no specific details of the negotiations have been disclosed.