Trump Rejects Seven-Day Iran Ceasefire Proposal, Talks Continue
Iran has offered conditional plans to reopen the Strait of Hormuz while signaling support for renewed negotiations with the United States.
President Trump rejected a proposed seven-day ceasefire with Iran as the United States weighs renewed bombing, keeping pressure on the Strait of Hormuz and global risk markets.
The United States has told Iran and mediators that Trump does not intend to lift a maritime blockade. Iran’s foreign minister offered to reopen the Strait of Hormuz within seven days if Washington accepts the proposal’s conditions.
Iran’s president said the country supports restoring a memorandum of understanding and wants to create conditions for substantive negotiations. The president also said Iran does not want nuclear weapons and is willing to pursue talks with the United States.
The two sides remain engaged in discussions through intermediaries, including on the nuclear issue. An Iranian official said Tehran would not make concessions on its nuclear program even if Washington accepts the plan to reopen the waterway.
Commercial vessel traffic through the Strait of Hormuz fell to single digits in initial readings, while nearly 40 million barrels of crude oil moved through the waterway. The next development depends on whether the ceasefire and reopening proposals advance after Trump’s rejection.
