September Diplomatic efforts between the United States and Iran remain unresolved after U.S. President Donald Trump rejected an Iranian proposal aimed at reopening the Strait of Hormuz and restarting negotiations, while indicating that further talks could take place this week.

Iran’s Proposal

Iran presented its proposal during diplomatic contacts on the sidelines of the United Nations General Assembly in New York. The proposal was transmitted through mediators, including Qatar.

According to reports, Tehran offered to reopen the Strait of Hormuz and resume nuclear negotiations within seven days, in return for changes to U.S. military and economic pressure, including the naval blockade and restrictions affecting Iranian oil exports.

Iranian Foreign Minister Abbas Araghchi said Tehran’s conditions for reopening the waterway remained unchanged and that a negotiated settlement was necessary to resolve the deadlock.

Washington Rejects the Proposal

Trump said he had rejected Iran’s latest proposal, indicating that the terms did not meet the U.S. position.

However, his rejection has not completely closed the diplomatic channel. Trump subsequently told Axios that he expected U.S. negotiators to hold additional discussions with Iran during the week.

The two sides remain apart on major issues, particularly the future of Iran’s nuclear programme and the conditions surrounding the Strait of Hormuz.

Strait of Hormuz Remains Central

The Strait of Hormuz is one of the world’s most important energy shipping routes. Disruptions there can affect international oil supplies and prices.

The uncertainty surrounding the negotiations contributed to a rise in crude prices on September 28. Reuters reported Brent crude above $107 per barrel during Monday trading, while U.S. West Texas Intermediate crude also moved higher.

At the same time, preliminary shipping data indicated that Middle Eastern crude exports had recovered somewhat during September, with shipments through the Strait also increasing compared with earlier levels during the conflict.

Diplomacy Remains Open

Iran has continued to publicly support negotiations while maintaining its conditions for reopening the waterway. The United States has also indicated that further discussions are possible, although no new agreement has been announced.

The immediate outcome will depend on whether mediators can narrow the differences between Washington and Tehran over the Strait of Hormuz, sanctions, military pressure and Iran’s nuclear programme.

For global markets, the situation remains important because any sustained disruption around the Strait could affect oil prices, shipping costs, inflation and energy security in multiple countries.