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Trump Rejects Iran's Latest Proposal to Reopen the Strait of Hormuz

Trump said Saturday he rejected an Iranian proposal to reopen the Strait of Hormuz and resume nuclear talks within a week, even as U.S. officials described mediated discussions with Tehran as ongoing and "positive and constructive."

4 min read

President Trump said Saturday that he had rejected an Iranian proposal conveyed during a fresh round of indirect U.S.–Iran negotiations held on the sidelines of the UN General Assembly in New York this week. “They made a proposal but I rejected it,” Trump told reporters.

What Iran proposed

Iranian Foreign Minister Abbas Araghchi said Tehran had conveyed a “concrete seven-day plan” under which the Strait of Hormuz would reopen and nuclear talks with the U.S. would resume within a week, provided Washington lifted its naval blockade, removed sanctions on Iranian oil sales, and reinstated a regional ceasefire. Araghchi said the plan largely mirrored commitments already made in a memorandum of understanding the two countries signed in June, which collapsed within days after renewed fighting.

How the message was passed

U.S. envoys Steve Witkoff and Jared Kushner held a new round of indirect negotiations with Araghchi this week, with Qatari officials relaying messages between the two sides. A source with direct knowledge of the talks said U.S. negotiators told Iran on Tuesday that it could not set conditions over a strait it does not control.

Trump's response

Trump called the proposal unacceptable, saying Iran wanted the strait reopened immediately because it was "losing so badly" and had no oil revenue coming in. "We have total control of the Hormuz Strait," he said, adding that the U.S. is "winning tremendously" in the standoff. Trump has separately posted an image on Truth Social labeling the waterway the "Trump Strait."

Talks continue despite the rejection

Even after Trump's public rejection, a U.S. official described ongoing discussions through mediators — including on nuclear issues — as "positive and constructive." The Wall Street Journal reported that Trump is privately skeptical Iran would follow through on its end of any deal and has told aides he sees a renewed bombing campaign as likely after November's midterm elections.

Why it matters for markets. The Strait of Hormuz carries roughly a fifth of global oil supply. Renewed optimism about a deal has moved oil prices in recent sessions, and any escalation or breakdown in talks is likely to do the same in the other direction.

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Trump Rejects Iran's Latest Proposal to Reopen the Strait of Hormuz