Hormuz: after rejecting proposal, Trump expects more talks with Iran

Donald Trump said on September 26 that he had rejected an Iranian proposal to reopen the Strait of Hormuz and end the fighting, Reuters reports. [1]

A proposed timetable without an agreement

According to the report, Tehran had sent the initiative through Qatari mediators and outlined implementation within seven days. That timetable was an Iranian proposal, not a commitment accepted by Washington. [1]

Diplomacy remains in view

On September 27, however, Trump told Axios he expected talks to resume in the coming week, AFP reports. That prospect is neither a signed agreement nor confirmation that negotiations have already taken place. [2]

Iranian Foreign Minister Abbas Araghchi, meanwhile, maintained Tehran’s conditions for reopening the strait on September 27, according to Reuters. [4]

Oil supply was already constrained

The energy stakes are reflected in forecasts published on September 9 by the U.S. Energy Information Administration. The agency expected traffic constraints in the strait through the fourth quarter of 2026, with an average of 5.7 million barrels per day of Middle East crude production shut in during that quarter. [3]

That EIA estimate predates the September 26 rejection. It measures neither actual production losses today nor an oil price change caused by this announcement. [3]