Report: Trump rejects Iran's ceasefire proposal, may resume bombing after midterms

Iranian President Masoud Pezeshkian confirmed in an interview that his government's new plan to reopen the strategic Strait of Hormuz has been coordinated with Supreme Leader Mojtaba Khamenei, according to state media. Pezeshkian made the remarks to CBS as well, stating that Iran would fulfill its obligations if the United States agreed to the proposal.

The Strait of Hormuz, a crucial waterway for global oil supply, has been a point of contention in the ongoing conflict between the US and Iran, which has been at a stalemate for nearly seven months.

Pezeshkian revealed that a six-member team comprising representatives from various organizations, including the military, parliament, and government, has been engaged in discussions to finalize the plan. The team holds the authority to make decisions. As for the US response, none has been made publicly, though reports suggest that former President Donald Trump had previously rejected the plan, which calls for halting all hostilities in the Middle East.

Iranian Foreign Minister Abbas Araghchi emphasized that the plan's conditions are identical to those outlined in a memorandum of understanding signed with the US in June. The key points of the agreement include the release of frozen Iranian assets worth at least $12 billion, the lifting of sanctions on Iranian oil, and the end of the US naval blockade of Iran.