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Experts say Trump sees economic sanctions as key to extracting more concessions but he risks losing leverage.
US President Donald Trump says he has rejected an Iranian proposal to reopen the Strait of Hormuz and put an end to hostilities. "I'd like to make a deal, too," he said. "But that deal would not be acceptable."
President Trump said he was rejecting an Iranian plan to reopen the Strait of Hormuz. The Iranian proposal is similar to a memorandum of understanding agreed upon by the U.S. and Iran back in June.