Skip to content
Back to Guavy Wire
Commodities

Trump Rejects Iran's Proposal to Reopen Strait of Hormuz

Instruments
Oil
Share

US President Donald Trump has rejected Iran's proposal to reopen the Strait of Hormuz within a week if certain conditions are met. The conditions include lifting the US naval blockade of Iranian ports, waiving sanctions on Iranian oil sales, and observing a ceasefire that would include Lebanon.

The proposal was made by Iranian officials earlier this week during indirect talks with the US at the United Nations gathering in New York. Iranian President Masoud Pezeshkian told CBS that Supreme Leader Mojtaba Khamenei has 'no specific ongoing health issues' despite not being seen or heard in public since the war began in February.

Meanwhile, Saudi Arabia's military spokesperson claimed that a ballistic missile launched by Iran-backed Houthis in neighboring Yemen was intercepted and destroyed. The Gulf Cooperation Council condemned the latest Houthi attacks as a 'grave escalation and threat to regional security'.

More on Commodities

Disclaimer: Guavy is a data and market intelligence provider, not an investment adviser. The information, signals, and market analysis provided by the Guavy API and related services are for informational purposes only and are not intended as financial advice, investment recommendations, or an endorsement of any particular trading strategy. Trading in volatile markets, including cryptocurrency, carries significant risk and may not be suitable for all investors. Past performance is not indicative of future results. Users should consult with a qualified financial professional before making any investment decisions. Guavy makes no guarantee of trading profits or financial returns.

Market sentiment intelligence for apps, funds & agents

Location

729 55 Ave SW
Calgary AB T2V 0G4
Canada

© 2026 Guavy Inc