US Leader Trump Rejects Iran's Hormuz Strait Proposal
Iran's proposal to lift sanctions in exchange for opening the Strait of Hormuz has been rejected by US President Donald Trump.
Following seven months of ongoing conflict and indirect talks held in New York within the framework of the UN summit, Iran's diplomatic proposal was not accepted by the US administration.
New York Summit and Iran's Proposal
During the visit of the Iranian President and foreign minister to New York for the United Nations meeting, a proposal for an agreement to end the conflicts between the two countries was presented.
The proposal envisaged opening the Strait of Hormuz within seven days on the condition that the US lift the military blockade, release frozen Iranian assets, and abandon sanctions on oil sales.
Statement from Trump
Speaking to reporters in front of the White House, US President Donald Trump stated that he found Iran's proposal for the reopening of the strait unacceptable and announced that he had rejected it.
Although Trump rejected the current proposal, he added that he still wanted to reach an agreement and shared posts about the waterway on social media.
Indirect Talks and High Tension
US Secretary of State Marco Rubio reported that three hours of indirect talks were held through intermediaries on Tuesday, marking the first contact since the collapse of the June agreement.
In response to Trump threatening to destroy the Islamic Republic during his UN speech, Iranian President Pezeshkian stated that they would fight until their last breath but remained open to diplomacy.
Economic and Strategic Impacts
Opening the Strait of Hormuz would have relieved global markets and eased the pressure on the US military, which guides commercial vessels.
Conversely, the lifting of the blockade and oil sanctions would have provided significant relief to the Iranian economy, which has been experiencing high inflation and record declines.