Trump Rejects Iran’s Seven-Day Hormuz Deal on September 28

By Huzaifa Zahoor

September 27, 2026

11:51 PM

3 min read

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Key Points

Trump rejected Iran's seven-day plan to reopen Strait of Hormuz on September 27.

Strait carries 20 million barrels of oil daily, one-fifth of global supply.

Iran proposed US lift sanctions and release frozen funds within four to five days.

US maintains military control of waterway, Trump says, making deal unnecessary.

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Donald Trump rejected Iran’s seven-day proposal to reopen the Strait of Hormuz and end Middle East fighting on September 27. The waterway, which carries roughly one-fifth of the world’s traded oil and gas, has been effectively closed since February. Trump said Iran only made the offer because it is losing economically under US pressure. The rejection signals continued military posturing as global energy prices remain volatile.

What Iran proposed and why it matters

Iran’s Foreign Minister Abbas Araghchi announced the plan at the UN General Assembly on Friday. The proposal called for the US to release frozen Iranian funds, lift oil sanctions, and end its naval blockade on Iranian ports within four to five days. If those conditions were met, Iran said the strait would reopen and negotiations could begin by day seven. The Strait of Hormuz is critical infrastructure: roughly 20 million barrels of oil flow through it daily, making it the only shipping route from the Persian Gulf to open ocean.

Why Trump said no

Trump told reporters at the White House on Saturday that the deal “would not be acceptable.” He argued Iran only wants to reopen the strait because US pressure is hurting its economy. “They want to make a deal where they open the strait immediately because they’re losing so badly,” Trump said. He added the US already has “total control” of the waterway with “massive amounts of oil” passing through it. Trump did not elaborate on what conditions he would accept.

Final Thoughts

Trump’s rejection keeps the Strait of Hormuz closed indefinitely, sustaining pressure on global energy supplies. For Australian investors, continued closure threatens fuel costs and inflation as Asia faces an energy crisis. The standoff signals no near-term resolution to Middle East conflict.

FAQs

How much oil normally flows through the Strait of Hormuz?

Approximately 20 million barrels of oil pass through the strait daily, representing about one-fifth of the world’s traded oil and gas supply.

When did Iran close the Strait of Hormuz?

Iran closed the strait in late February 2026 after US and Israeli air strikes, disrupting global energy markets for seven months.

What did Iran’s seven-day plan include?

Iran proposed the US release frozen Iranian funds, lift oil sanctions, and end its naval blockade, with the strait reopening by day seven if conditions were met.

Why is this important for Australian energy prices?

The Philippines and other Asian nations have declared energy emergencies due to the closure. Australia relies on stable global oil supplies, so prolonged closure threatens fuel costs and inflation.

Disclaimer:
The content shared by Meyka AI PTY LTD is solely for research and informational purposes. Meyka is not a financial advisory service, and the information provided should not be considered investment or trading advice.

About Author

Huzaifa Zahoor

Co Founder

Huzaifa Zahoor is the engineer who built Meyka. He has spent years writing Python, training AI models, and building data pipelines specifically for financial markets. His technical articles have reached over 30,000 readers on Medium, so he knows how to make complex things easy to follow. If this article touches on how the tools work, he is the person who actually built them.