Trump Rejects Iranian Proposal to Reopen Hormuz Waterway

US President Donald Trump has rejected Iran's latest proposal to reopen the Strait of Hormuz and restart nuclear negotiations, calling the terms unacceptable.

Tehran presented a 'concrete seven-day plan' during the UN General Assembly in New York this week, which would involve reopening the strait and resuming nuclear talks if the US lifts its naval blockade, eases restrictions on Iranian oil exports, releases frozen assets, and observes a ceasefire including an end to Israel's combat operations in Lebanon.

Trump argued that Iran is seeking a deal because it is under growing economic pressure, saying 'they want to make a deal where they open the strait immediately because they're losing so badly.'