[Iran Denies Reports of Offering Strait of Hormuz in Exchange for Lifting Blockade, Calls It "Lies and Fantasies"] Golden Finance reported on October 25th that sources familiar with the matter stated that Iran has not offered any new proposals to Pakistani mediators and rejected reports of offering to reopen the Strait of Hormuz in exchange for the lifting of the US maritime blockade. The source refuted Al Arabiya's report that Tehran had made such an offer to Washington, calling it "lies and fantasies." "Iran will never accept any equation involving the Strait of Hormuz in exchange for lifting the blockade," the source said, adding that Tehran will bypass the blockade in its own way and eventually break it. The source stated that Iran is sticking to the seven conditions formally conveyed through the mediators. The source indicated that the earlier "seven-day plan" outlining Tehran's demands for reopening the strait has been submitted to Washington, and that the insecurity of the strait will persist until all of Iran's demands—including a halt to disruptions to Iranian ports and shipping—are met.