US President Donald Trump has rejected Iran's proposal to reopen the Strait of Hormuz, calling the deal "not acceptable." The plan, presented at the UN General Assembly in New York, aimed to ease tensions by allowing the strategic waterway to resume normal traffic. Iran had transmitted the initiative through Qatari mediators, hoping to de-escalate hostilities in the region.
The rejection has left Iran awaiting a formal US response, as officials continue discussions with American representatives. While talks between US and Iranian negotiators in New York explored a phased approach to end hostilities, the Trump administration has not yet signaled willingness to accept the proposal.
Oil prices fell on Friday as traders anticipated a potential resolution, though concerns over Houthi attacks on Saudi infrastructure remained. The Strait of Hormuz remains a critical chokepoint for global oil supplies, and its closure has historically triggered market volatility.
The standoff highlights the ongoing diplomatic impasse between the US and Iran, with both sides struggling to find common ground amid rising regional tensions.
