US President Donald Trump has rejected an Iranian proposal for a seven-day cessation of hostilities that includes reopening the Strait of Hormuz to international shipping.
Trump said in remarks to reporters that the United States had rejected the Iranian proposal, claiming that Tehran was seeking to restore trade through the strait immediately amid economic losses resulting from its closure.
The US president also said Washington was achieving what he described as a “major victory,” while asserting that the United States has full control over the Strait of Hormuz, a major global oil transit route.
Trump said 29 vessels had passed through the strait overnight, arguing that Iran was facing growing financial losses as the closure continued to disrupt trade.
Trump: Iran Has Put Itself in a Difficult Position
Trump said Iran had placed itself in a difficult position by closing the Strait of Hormuz, adding that the United States had imposed what he described as the “largest blockade in military history.”
He also referred to what he called a “steel wall” around the Strait of Hormuz, saying the continued disruption of shipping was putting further pressure on Iran’s financial resources.
Iran’s Seven-Day Plan
Iran had presented the US administration with a seven-day proposal on the sidelines of the United Nations General Assembly meetings. The plan calls for a halt to hostilities and the reopening of the Strait of Hormuz to international navigation.
The strait is one of the world’s most important waterways for energy shipments, meaning any disruption to traffic through it can have significant effects on oil markets, shipping and international trade.
