Trump Rejects Iran's Plan to Reopen Strait of Hormuz
Iran has proposed a plan to reopen the strategic Strait of Hormuz within seven days, but US President Donald Trump has reportedly rejected it. The waterway is crucial for global oil supply and has been at the center of conflict between the two nations since nearly seven months ago.
New mediation efforts at the UN's gathering of world leaders in New York this week offered some optimism of progress toward a deal. Iran's Foreign Minister Abbas Araghchi met with Trump's envoy Steve Witkoff on Tuesday and presented conditions for ending the war and reopening the shipping channel.
Araghchi stated that if the necessary conditions are met, the strait can be reopened within seven days. However, he emphasized that Iran will not surrender its sovereign rights under pressure.
The proposed plan reportedly calls for a cessation of all hostilities in the Middle East for seven days, including in Lebanon, as well as the release of frozen Iranian assets estimated to be worth at least $12 billion and the lifting of sanctions on Iranian oil. On the seventh day of the truce, Iran would reopen Hormuz.