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Iran war and the Strait of Hormuz

Trump rejects Iran's offer to reopen the Strait of Hormuz within seven days; Brent tops $107

26 Sept 2026 · 5 outlets · 1 min read

AI illustration
In 30 seconds
  1. Iran offered on 25 September to reopen Hormuz within seven days if the US met its conditions.
  2. Trump rejected the offer on 26 September; Kpler data showed about 18 ship crossings a day, against about 130 before the war.
  3. In October, Iran's security chief Mohsen Rezaei called the US response 'insufficient'.

On 25 September 2026 Iranian Foreign Minister Abbas Araghchi said at the UN that the Strait of Hormuz could reopen within seven days if the US met Iran's conditions. Al Jazeera reported these included releasing frozen Iranian funds, lifting sanctions and ending the US naval blockade. On 26 September President Donald Trump said 'I'm rejecting their deal' and claimed the US already had 'total control' of the strait. Brent crude rose more than 3% to top $107 a barrel on 28 September.

What it means for India

Brent above $107 raises India's oil import bill. Mint reported the rupee was at 95.82 to the dollar on 26 September, down nearly 7% in 2026, and an RBI bulletin article linked its late-September fall to higher crude prices.

Checked

Claim by claim

⇄Disputed

The US already has 'total control' of the Strait of Hormuz.

Said by Donald Trump, US President

The BBC cites Kpler data showing a 10-day average of about 18 crossings a day, falling to nine on some days; Al Jazeera notes about 130 daily crossings before the war.

BBC News · Al Jazeera
✓Verified

Brent crude rose more than 3% to top $107 a barrel on 28 September.

Reported by Al Jazeera from market data.

Al Jazeera
?Unverified

The US accepted some of Iran's seven conditions while others remain unclear.

Said by Mohsen Rezaei, Iran's Supreme National Security Council

Iran's account via state media, reported by The Times of India; the US has not confirmed it in our sources.

The Times of India
In their own words

What each side says

US administration

Trump said Iran wants a deal 'because they're losing so badly' and that 'that deal would not be acceptable', adding the US already controls the strait.

BBC News
Government of Iran

Araghchi said the US actions required 'are not new' and are in a June memorandum of understanding, and that 'the choice now rests with the United States'. Iran's army said on 27 September it was ready for any renewed US attack.

BBC News · Reuters
As it unfolded

Step by step

  1. Araghchi sets out Iran's seven-day reopening offer at the UN in New York.

  2. Trump rejects the offer at the White House.

  3. Brent rises more than 3% to top $107 a barrel.

  4. Rezaei calls the US response 'insufficient', per state media.

Honest gaps

Not yet known

  • ?Whether mediators including Qatar can bridge the gap between the US and Iranian positions.
Who reported this

Sources

Centre · 2International · 3

5 outlets across the spectrum. Leanings are a rough guide to who reported it, not a verdict on accuracy.

  1. BBC NewsTrump rejects Iran deal to reopen Strait of Hormuz in seven days
  2. Al JazeeraOil prices surge after Trump rejects Iran's plan to reopen Strait of Hormuz
  3. ReutersIran's army voices readiness for potential renewed US attack
  4. The Times of India'Insufficient': Iran refuses Hormuz talks until US meets 7 conditions, rules out negotiations before demands are met
  5. MintRupee gains from FCNR (B) boost reverse in September amid higher crude oil prices: RBI bulletin

Spasht writes original summaries. Follow the links to read each outlet's own report. Revision 1.