President Donald Trump rejected Iran’s proposal to reopen the Strait of Hormuz as Treasury Secretary Scott Bessent said the administration’s economic pressure campaign is restricting Tehran’s access to global markets.

Despite ⁠Trump's public statements, mediators facilitating US-Iran talks with the United States have not officially relayed a US rejection of the plan.

Crude prices push higher after U.S. President Trump rejected a conditional Iranian proposal to reopen the Strait of Hormuz - telling Axios he expects further negotiations this week. Dan Murphy reports

Iran's president says Tehran wants a deal with the U.S. before November's midterm elections, as the regime puts an offer on the table.

Iran recently offered to reopen the Strait of Hormuz and restart nuclear talks — but Trump confirmed he had rejected the deal.

In a debate with the Democrat Rebecca Bennett, the New Jersey Republican said he was willing to take on the president over funding for a Hudson River tunnel project.

The president’s update comes days after his rejection of Tehran’s latest proposal and his United Nations speech in which he weighed whether to “annihilate” Iran.

President Donald Trump predicted Sunday that the war with Iran will end “soon,” saying oil prices will “come plummeting down” once the conflict is over.

As their November picture darkens, and gas and diesel prices soar, some Republicans who backed the war for months are now changing their tune.