Iran's Foreign Minister Abbas Araghchi said Friday that he put forward a "fair and balanced" nuclear proposal to European powers to prevent the return of UN sanctions on the Islamic republic.

Iran is "introducing a creative, fair, and balanced proposal which addresses genuine concerns and is mutually beneficial," Araghchi said on X.

He added that the proposal was made on Thursday to Britain, France and Germany -- known collectively as the E3 -- as well as the European Union.

"Turning this idea into action can be prompt and resolve the respective bottom lines to avert a crisis," Araghchi said, arguing that "Iran cannot be the sole responsible actor".