According to a report by The Wall Street Journal published on Friday (September 25, 2026), President Trump expressed deep skepticism that Tehran would meet American demands, privately informing staff that a resumption of military strikes remains the most likely course of action. The rejection comes shortly after Iranian Foreign Minister Seyed Abbas Araghchi announced during a press conference at the UN General Assembly in New York that Iran had transmitted a proposal—modeled after the June Islamabad Memorandum of Understanding—offering to reopen the strategic Strait of Hormuz within seven days in exchange for Washington lifting its naval blockade on Iranian ports, releasing frozen financial assets, and waiving oil sanctions. While White House and Reuters officials declined to comment officially, the diplomatic impasse escalates global energy market concerns as traffic through the Strait of Hormuz remains severely restricted.