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Iran sticks to Hormuz plan after Trump rejects it
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- Published
- Sep 27, 2026, 8:08 AM UTC
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President of the United States (2017–2021; since 2025)
Donald John Trump is an American politician, media personality, and businessman who is the 47th president of the United States. A member of the Republican Party, he served as the 45th president from 2017 to 2021.
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Iranian officials that while they were aware of Trump's comments on rejecting the new proposal, they had not received a formal message rejecting the plan that would open the Strait of Hormuz.
Experts say Trump sees economic sanctions as key to extracting more concessions but he risks losing leverage.
Brent crude jumps to $106.30 as Iran's Hormuz proposal is rejected; stock futures slip and bond yields rise, reviving inflation and rate-hike concerns.