Trump Rejects Iran's Strait of Hormuz Reopening Proposal

US President Donald Trump has rejected a proposed deal from Iran to reopen the Strait of Hormuz, according to his public remarks on September 26, 2026. The proposal, outlined by Iranian Foreign Minister Abbas Araghchi at the United Nations in New York on September 25, included an end to the US naval blockade of Iranian ports and waivers on Iranian oil sanctions.

The seven-day diplomatic timetable for implementing the deal was conditional, requiring American actions first. However, Trump's rejection leaves the reopening date uncertain.

The Strait of Hormuz is a critical waterway for global oil supplies, with an estimated 5.7 million barrels per day of Middle Eastern crude production at risk due to constraints affecting traffic in the fourth quarter of 2026, according to the US Energy Information Administration's September outlook.