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Iranian minister says only negotiation can end conflict after Trump rejects Hormuz deal

September 27, 2026

Following President Trump's public rejection of Iran's proposal to reopen the Strait of Hormuz, Iranian Foreign Minister Abbas Araghchi stated that only diplomatic negotiations can resolve the US-Iran conflict. Trump dismissed Iran's offer as unacceptable, claiming the US already controls the vital waterway, which has been closed since fighting began in February and normally handles about one-fifth of global oil and gas supplies. Iran maintains its proposal aligns with a June memorandum of understanding between the two nations, with Oman serving as mediator in ongoing discussions that occurred during the recent UN General Assembly.

Who is affected

  • Iran (government, President Masoud Pezeshkian, Foreign Minister Abbas Araghchi, Supreme Leader Mojtaba Khamenei)
  • The United States (President Donald Trump, Treasury Secretary Scott Bessent, US Ambassador to NATO Matthew Whitaker)
  • Oman (acting as mediator, Foreign Minister Sayyid Badr bin Hamad bin Hamood Albusaidi)
  • Global consumers facing steep fuel cost increases
  • Turkey and United Arab Emirates (halting flights and transactions with Iran)
  • China (major trading partner of Iran)

What action is being taken

  • Oman is acting as a mediator between the US and Iran
  • The Trump administration is implementing economic sanctions through "Operation Economic Outcast"
  • Turkey, Oman, and the UAE have halted flights from Iranian airlines
  • Some banks in the UAE and Turkey have stopped transactions with Iran
  • Iran is waiting for mediators to convey definitive US views
  • China continues to do business with Tehran despite US sanctions

Why it matters

  • The Strait of Hormuz is a vital waterway through which approximately one-fifth of the world's gas and oil supply normally flows. Its closure since February has caused massive rises in global oil prices and steep fuel cost increases for consumers worldwide. The conflict represents a major geopolitical crisis with significant economic ramifications, affecting energy security and prices globally while heightening tensions between the US and Iran that could escalate further without diplomatic resolution.

What's next

  • Iran is waiting for mediators to convey definitive US views before making decisions
  • Oman has called for all parties to continue open dialogue to resolve the crisis
  • Iran has indicated openness to implementing the memorandum of understanding in stages

Read full article from source: BBC

Iranian minister says only negotiation can end conflict after Trump rejects Hormuz deal