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US and Iran discussing phased deal to reopen Hormuz and end US blockade, sources say
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- Published
- Sep 25, 2026, 11:35 AM UTC
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US President Donald Trump’s rejection of Iran’s proposal for a swift reopening of the Strait of Hormuz may say less about Washington’s opposition to a deal than about its changing assessment of Tehran’s most important bargaining chip.
Iran's proposal to reopen the Strait of Hormuz in seven days brings into focus the central challenge facing diplomacy with Washington: how to turn military leverage into a negotiated path without giving up too much in return.
The US president says Teheran overplayed its hand as it sticks to its proposal to reopen the strait Read more at The Business Times.