Trump Says He Rejected Iran’s Offer to Reopen Strait of Hormuz

Trump's account reframes the strait's status as a function of US leverage rather than Iranian consent, which matters for how oil-transit risk is priced into Gulf supply. The signal is that Washington sees no need to trade reopening for a deal, implying the waterway's disruption is being treated as a pressure tool rather than a shared interest. What remains unclear is whether Iran's offer reflects genuine de-escalation or a bid to split the US from partners bearing the transit cost; whether shipping and insurance conditions follow the political claim is the open question.