Trump rejects Iran proposal for deal to reopen Hormuz

On Saturday, US President Donald Trump rejected an Iran proposal that would have reopened the Strait of Hormuz within a week, according to a statement to reporters outside the White House. The waterway is crucial to global energy supply and is currently a point of contention between the US and Iran. Trump told reporters that he "rejected" the proposal, adding that Iran had made it because they were "losing badly".

Iran's President Masoud Pezeshkian claimed the proposal was developed in coordination with Supreme Leader Mojtaba Khamenei, according to Iranian media. Iran's plan calls for a cessation of hostilities in the Middle East, including in Lebanon, and the release of frozen Iranian assets, lifting of sanctions on Iranian oil, and an end to the US naval blockade.

Pezeshkian said the process would begin from the day Iran accepts the proposal. Saudi Arabia's Foreign Minister Faisal bin Farhan criticized the international community's absence in maintaining the Strait of Hormuz and the Bab al-Mandab open, stating that the kingdom rejects any party using these waterways for pressure, threat, or harm.