Trump rejects Iran's seven-day plan to reopen Strait of Hormuz
Iran proposed a seven-day pause in fighting and reopening the Strait of Hormuz in exchange for relief from the US naval blockade and access to billions in frozen funds. Trump rejected it; oil flows averaged about 13 million barrels per day last week, below prewar levels.
AllegedIran’s proposal estimated its frozen assets at no less than $12 billion.