President Donald Trump on Saturday (September 26, 2026) rejected a truce deal proposed by Iran that Tehran said could have reopened the Strait of Hormuz to shipping within a week. U.S.
He said the conditions were the same as those laid out in a memorandum of understanding signed with the U.S. earlier this year, which called for the release of frozen Iranian assets, the lifting of sanctions on Iranian oil and an end to the U.S. naval blockade. In New York, Mr. Mr. If the necessary conditions are met, the strait can be reopened, and normal maritime passage restored within seven days.”
Iran’s President Masoud Pezeshkian, who was on his way back to Tehran after attending the UN General Assembly in New York, told CBS News the proposal had been developed “in coordination” with supreme leader Mojtaba Khamenei, according to an excerpt from the video interview shared by Iranian media. Iran’s plan calls for a cessation of all hostilities in West Asia, including in Lebanon, according to Foreign Minister Abbas Araghchi, who met earlier in the week with Trump’s envoy Steve Witkoff. At the UN, Saudi Arabia’s Foreign Minister Faisal bin Farhan complained that the “international community has been absent” and failing to live up to the responsibility to keep the Strait of Hormuz and the Bab al-Mandab open. “The kingdom rejects any party’s use of these vital passages as a tool for pressure, threat, or harm to the interests of states,” he said, stressing the waterways’ importance to global energy security. Pezeshkian met with UN Secretary-General Antonio Guterres, according to his office, and said: “Iran has not walked away from the negotiating table but, given past experiences, it no longer trusts the United States. Araghchi said at the UN: “Iran has conveyed to the United States, through Qatar, a concrete seven-day plan.
