Trump rejects Iranian proposal to reopen Strait of Hormuz

President Trump turned down an Iranian offer in August 2026 to reopen the Strait of Hormuz. Iran had proposed a seven-day pause in fighting and a return to nuclear talks. In exchange, the US would stop its blockade in the Gulf of Oman. Trump refused and demanded that Iran pay compensation for deaths in Lebanon, Syria, Yemen, and Gaza. Iran said the US must also lift sanctions and end military threats. The strait carries around 20 percent of the world's oil, and high prices have been hurting many Americans. Trump said he was not in a hurry to make a deal. He also suggested that military action could restart after the November elections.