Iran Insists on Diplomatic Solution after Trump Rejects Peace Plan
Iran said only diplomacy can resolve its conflict with the United States and Israel, after US President Donald Trump said he rejected an Iranian proposal to reopen the Strait of Hormuz and end the fighting. Iranian Foreign Minister Abbas Araghchi said any move toward reopening the strait is contingent on Iran's conditions being met, and that mediators have not officially relayed a US rejection of the plan. Trump said the Iranians want a deal to open the strait immediately "because they're losing so badly".
Why it matters: The exchange bears on the briefing's energy theme, since the text states the conflict has disrupted oil flows through the Strait of Hormuz and harmed the global economy.