Under the plan, Iran would reopen the Strait of Hormuz by the end of the seventh day if certain conditions were met, following which nuclear talks would resume.
The remarks came after Iran's central military command warned that any renewed US military action would trigger attacks on American bases and interests across the region.
Iran's Parliament Speaker Mohammad Bagher Ghalibaf said Iran must use its military power to push back its adversary and consolidate battlefield gains through diplomacy.
The US military for its part had said it was responding to an Iranian attack targeting an American warship, the second such incident in less than a week.