Trump rejects Iran's 7-day plan to end war as military strikes likely post-midterms. Iran insists only diplomacy can resolve conflict after U.S. president rejects peace proposal. The deal would trigger a seven-day countdown to reopening the Strait of Hormuz and a pause in regional fighting.
Trump publicly rejected Iran's proposal to reopen the Strait of Hormuz and end fighting, saying Tehran wants a deal to open the strait within seven days because they're losing so badly. Iranian foreign minister Abbas Araghchi said they will wait for a definitive U.S. response before deciding. The U.S. has imposed an economic blockade on Iran to pressure Tehran to stop attacks on vessels in the Strait of Hormuz.
The conflict has disrupted oil flows and harmed the global economy, with the Strait of Hormuz effectively closed since February. Iran's president said talks on the MOU could include discussions of its nuclear program, but would not accept bullying or coercion. The war has killed thousands and degraded Iran's conventional forces.
Iran's president said the U.S. needs to show it does not intend to overthrow their government to resolve the crisis. The war has caused distrust that must be overcome for talks to succeed, with all parties calling for open dialogue to safeguard navigation in the strategic waterway.