Trump signals renewed Iran negotiations after turning down short ceasefire plan

US President Donald Trump said he anticipates talks with Iran resuming in the coming week, even after rejecting Tehran’s proposal for a seven-day truce and the reopening of the Strait of Hormuz. He told Axios that Iran wants an agreement but not one he is willing to accept, and indirect discussions could begin as soon as Monday. Iran has maintained its conditions for reopening Hormuz, leaving the Gulf front stalemated while fighting continues in Yemen.
Trump’s rejection of Tehran’s seven-day truce plan came as Iranian officials at the UN General Assembly sought a pause and the reopening of Hormuz. Iran’s foreign minister said its terms remain firm, tying any reopening to prior conditions, while Washington’s UN envoy described the offer as unrealistic and unlikely to build confidence.
The Revolutionary Guards reported seizing an American underwater drone in Hormuz, alleging espionage. A June memorandum meant to end hostilities, reopen the strait and start nuclear talks later unraveled after Iran fired on commercial vessels. Indirect US-Iran contacts could begin Monday, Axios reported.
The standoff could keep energy markets and shipping through Hormuz uncertain, potentially affecting fuel costs and consumers worldwide. Populations in Yemen and elsewhere in the region may continue to bear the brunt of ongoing fighting, while stalled diplomacy could prolong humanitarian and economic strain. If indirect talks resume, they may lower immediate tensions, though any durable relief would depend on whether both sides narrow their conditions.