Iran Says Won’t Soften Demands As Trump Rejects Hormuz Offer
Iran maintained its seven-day proposal for reopening the Strait of Hormuz and said it would not soften its conditions. President Donald Trump rejected Iran's latest proposal but said he expects negotiations to resume this week. Iranian Foreign Minister Abbas Araghchi said only a negotiated solution can resolve the impasse and that Iran is ready to open the strait if certain things are done by the US.
Why it matters: The impasse bears on energy security, since the Strait of Hormuz is described as the global energy bottleneck.