Iran is ready to open the Strait of Hormuz within 48 hours if its conditions are met, Foreign Minister Abbas Araqchi said in an interview with Al Jazeera. According to the minister, Tehran demands the lifting of American sanctions, the reduction of the US military presence in the region and the release of frozen Iranian assets. At the same time, Iran still does not see the need for direct negotiations with Washington. "The Qatari side proposed to reduce the implementation period of the Iranian proposal to five days. At this point we have reached a proposal that reduces the implementation period to two days. Our conditions include the lifting of sanctions imposed after the Islamabad Memorandum and the reduction of American forces in the region. We demand the reinstatement of exceptions to the oil supply sanctions regime and the release of all our frozen funds, including those in Qatar. Opening the Strait of Hormuz according to our terms will create the preconditions for resuming negotiations with Washington on unresolved issues. The brokers presented proposals on the nuclear portfolio, which we are currently considering as part of the second phase. My assistant is currently in Qatar to continue the consultation. Qatari and Pakistani brokers continue to consult on our terms. At the moment we see no need for meetings with the Americans. Our conditions are clear and the mediators continue to consult on them."