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Trump rejects Iran's proposal to reopen Hormuz within a week
U.S. President Donald Trump has rejected Iran's proposal to reopen the Strait of Hormuz to commercial shipping within a week.
U.S. President Donald Trump has rejected an Iranian proposal to reopen the Strait of Hormuz to commercial shipping within a week.
Iran's Foreign Minister Abbas Araghchi said Friday at the UN in New York that an agreement depended on meeting necessary conditions. He said those conditions were contained in a memorandum of understanding signed by the two countries in June.
The June memorandum was intended to establish a ceasefire and reopen the Strait of Hormuz at least partially.
The 14-point agreement stated that Iran would never possess a nuclear weapon. It also provided for the United States, Iran and their allies to end military operations on all fronts, alongside provisions to end a U.S. naval blockade and other sanctions.
The waterway normally carries around a fifth of the world's gas and oil supply. It has been effectively closed since war broke out in February.


