Iran’s Foreign Minister Abbas Araghchi stated that a negotiated settlement represents the only viable path to resolving the ongoing conflict with the United States, following President Donald Trump’s public rejection of a Iranian proposal concerning the Strait of Hormuz.
Trump dismissed Iran’s offer at the White House, characterizing it as unacceptable and suggesting Tehran sought to resolve the matter within seven days due to significant military losses. In response, Araghchi acknowledged the rejection through a Telegram post while indicating Iran would await an official US position through diplomatic intermediaries. The foreign minister noted that Trump had made contradictory statements previously. Araghchi stated that Iran’s proposed conditions for reopening the waterway aligned with a memorandum of understanding signed by both nations in June.
Iran raised the possibility of reopening the strait and ending hostilities during negotiations conducted alongside the UN General Assembly earlier in the week. The strategic waterway, typically accounting for approximately one-fifth of global oil and gas supply, has remained effectively closed since the outbreak of war in February. Trump asserted the US maintains total control of the strait and disputed claims of negative economic impacts, noting that substantial quantities of oil continue flowing through despite the closure.
Iranian President Masoud Pezeshkian told CBS that overcoming wartime mistrust would be necessary for successful negotiations. He indicated Iran’s willingness to implement the memorandum through phased stages and emphasized that the US must demonstrate it does not seek regime change. Pezeshkian referenced Trump’s earlier abandonment of the agreement when the US resumed bombing operations.
Oman, serving as a mediator in the dispute, called for continued dialogue among all parties. The Trump administration has implemented an economic blockade termed “Operation Economic Outcast,” leveraging sanctions to pressure Iran. Treasury Secretary Scott Bessent reported that multiple countries had halted flights from Iranian airlines and suspended banking transactions with Iranian entities. However, some economists questioned the sanctions’ effectiveness, citing China’s continued trade relationship with Iran despite previous US restrictions.
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