Trump Rejects Iran Proposal to Reopen Strait of Hormuz, Talks Stall

The International Energy Agency said member countries have released 325 million barrels from strategic reserves, more than 80% of the 400 million barrels pledged in March. A day after that, G7 nations agreed to free up another 100 million barrels of diesel and crude over four months to help ease fuel shortages and price spikes linked to the US-Iran war and wider supply disruptions.

US President Donald Trump said he expects talks with Iran to resume next week, even after rejecting Tehran’s proposal for a seven-day truce and reopening of the Strait of Hormuz. Iran says it will not lift its demands for sanctions relief, asset releases and an end to hostilities, leaving a tense standoff over a key global shipping route.

Iran said it will only reopen the Strait of Hormuz if the US and its allies meet its demands, including ending hostilities, lifting sanctions and unfreezing assets, even after President Donald Trump rejected the proposal. The standoff keeps a critical global energy route at risk and raises pressure across the Middle East, while Iran also said it seized a US submarine drone in the strait.

President Donald Trump rejected Iran’s proposal to reopen the Strait of Hormuz and restart nuclear talks within a week unless the United States lifts its naval blockade, eases oil sanctions and accepts a wider ceasefire. The standoff matters because the strait is a vital global shipping route and any deal could affect regional security and oil markets.

President Donald Trump rejected an Iranian proposal to reopen the Strait of Hormuz within seven days in exchange for a wider ceasefire and sanctions relief. Iran said the plan, relayed through Qatar, would halt hostilities across the Middle East, but the talks remain stalled as both sides threaten further military action.

Iran has предложed reopening the Strait of Hormuz and resuming nuclear talks within seven days if the United States lifts its naval blockade, eases sanctions on oil sales and accepts a ceasefire that includes Lebanon. The offer, delivered through mediators and outlined by Foreign Minister Abbas Araghchi at the UN, could ease pressure on global oil markets, but both Washington and regional players remain skeptical.

Oil prices fell Friday after reports that Iran had offered terms that could reopen the Strait of Hormuz to tanker traffic within seven days, easing fears over Middle East supply disruptions. The prospect lifted stocks in New York and Europe, though markets still face pressure from high bond yields, inflation worries and unresolved US-China trade tensions.