Trump rejects an Iranian proposal regarding the Strait of Hormuz

US President Donald Trump said on Saturday that he rejects Iran's latest proposal to reopen the Strait of Hormuz, describing it as unacceptable.

“I reject their proposal,” Trump said in response to a question from reporters about his opinion of the Iranian plan, which promises to quickly reopen the Strait and resume talks on Tehran’s nuclear program in exchange for the United States lifting the naval blockade and ending other economic sanctions.

He added: "They want to make a deal to open the strait immediately because they are suffering huge losses. They want to make a deal, and I think that is a good thing; I also like making deals, but that deal will not be acceptable."

Iranian Foreign Minister Abbas Araqchi said earlier this week that the proposal - which was presented to the United States through mediators - stipulates that the United States must meet certain conditions within seven days in order to resume talks and reopen the Strait.