Trump rejects Iran’s proposal for deal to reopen Hormuz
US President Donald Trump has rejected a truce proposal from Iran that aimed to reopen the Strait of Hormuz in exchange for the lifting of sanctions and the release of frozen assets. The rejection underscores the ongoing diplomatic stalemate between the two nations.
Why it matters
The Strait of Hormuz is a vital global energy chokepoint; continued tensions there pose significant risks to global oil prices and international security.
US president Donald Trump said Iran wants to make a deal because 'they're losing so badly'. (EPA Images pic)
WASHINGTON: US President Donald Trump on Saturday rejected a truce deal proposed by Iran that Tehran said could have reopened the Strait of Hormuz to shipping within a week.
The waterway is key to the world's energy supply and is now central to the conflict between the US and Iran, which is at a stalemate after nearly seven months.
"I reject their proposal," Trump told reporters outside the White House. "They made a proposal but I've rejected it."
"They want to make a deal where they open the Strait immediately because they're losing so badly. They want to make a deal and I think that's fine. I like making a deal too."
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