WSJ: Trump Rejects Iran's Hormuz Proposal; Bombing Campaign Expected to Resume After Midterms
According to a Wall Street Journal report citing US officials, US President Donald Trump rejected Iran's proposal to reopen the Strait of Hormuz within seven days and told aides he expects to resume a bombing campaign against Iran after the November midterm elections. The report says Trump is skeptical Tehran would meet his own demands, though it notes his view could change and could be swayed by the midterm results.
Iran's Seven-Day Proposal: Lifting the Blockade and Sanctions Sought in Exchange for Reopening Hormuz
Iran's Foreign Minister Abbas Araghchi conveyed the proposal, transmitted to the US through Qatari mediation, at a private gathering during the UN General Assembly meeting in New York. Under the proposal, Tehran would reopen the Strait of Hormuz and halt fighting on all fronts, including Lebanon, in exchange for the US lifting its blockade on Iranian ports, releasing frozen Iranian assets and suspending oil sanctions.
Iran Awaits Official Response: Reuters Unable to Independently Verify WSJ Report
As Tehran awaited an official US response to its proposal on Saturday, Reuters said it could not independently verify the WSJ report that Trump had rejected the offer. The development points to persistent mistrust between the two sides as the war nears its seventh month, and is being closely watched by oil markets heading into a week that opens with an elevated geopolitical risk premium.
Ekonomik Takvim | September 28 - October 2, 2026
🇺🇸 October 2, 2026, 15:30 (TSİ)
US Non-Farm Payrolls (NFP)
The US Department of Labor's September non-farm payrolls report will be released at 15:30 (TSİ); a strong labor market reading could shape expectations for the Fed's October rate decision.
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