Iran and US leave room for talks after peace proposal rejected

Iran says it is waiting for mediators to bring a formal US response to its proposal concerning the Strait of Hormuz. President Donald Trump has publicly rejected the terms while indicating that American negotiators could hold further talks this week. Tehran has said reopening the waterway depends on its conditions being met.

That leaves a gap between public statements and any negotiated settlement. There is no agreement to reopen the strait, and the possibility of another meeting does not establish that either side has accepted the other's terms. The position of mediators and the next formal response could determine whether talks make progress.

The stakes reach well beyond the two governments. Restrictions and attacks around the strait continue to disrupt a major route for global energy shipments, so uncertainty about access affects shippers and the wider market.