Trump rejects Iran proposal for deal to reopen Hormuz

AI Summary

US President Donald Trump rejected Iran's proposal for a truce that could have reopened the strategically vital Strait of Hormuz, a key route for the global energy supply. The rejection extends the stalemate between the US and Iran which has lasted nearly seven months, impacting geopolitical stability and energy markets.

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 want to make a deal where they open the Strait immediately because they’re losing so badly. “They...