Where Things Stand After Trump Rejects Iran's Hormuz Proposal

It's been a busy week for Iranian diplomacy that may have come to nothing.Iran's president and foreign minister visited New York for the UN gathering of world leaders and proposed a deal with the Trump administration that would end the fighting and open the Strait of Hormuz in seven days. That's if the US ends its military blockade of Iranian ports, releases frozen Iranian assets and waives sanctions on Iranian oil sales, among other conditions - none of them new.What's different after past failed attempts is the speedier timeline. Iran's pitch to President Donald Trump said a quick deal might help him in the midterm elections in November.On Saturday, Trump told reporters he rejects Iran's proposal to reopen the strait. Hours earlier, the US president posted an image on social media calling the crucial waterway the "Trump Strait."