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US Iran War: Tehran Insists on Diplomatic Solution After Trump Rejects Peace Plan

Araqchi said a negotiated solution could reopen the waterway if U.S. conditions are met, while Trump said Iran is pushing the deal from weakness.

  • On Saturday, President Donald Trump rejected an Iranian proposal to reopen the Strait of Hormuz, telling reporters he viewed the initiative as a sign of desperation from Tehran.
  • Earlier last week, Iran transmitted a peace proposal through Qatari mediators that would trigger a seven-day countdown to reopening the waterway and pausing regional fighting, contingent on lifting U.S. sanctions.
  • Simultaneously, Saudi-led coalition forces intercepted two drones and a ballistic missile launched by Iran-linked Houthi fighters toward Riyadh and Khamis Mushait on Saturday, intensifying the regional conflict.
  • Iranian officials insisted Sunday that diplomacy remains the only solution, though reports indicate President Trump may consider resuming bombing campaigns after the November midterm elections.
  • The seven-month-old conflict continues to disrupt global oil flows, while Treasury Secretary Scott Bessent claims U.S.-led economic pressure on Tehran is successfully bearing fruit.
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Business Times broke the news in Singapore, Singapore on Saturday, September 26, 2026.
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