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Trump Rejects Iran's Hormuz Deal Amid Houthi Attacks on Riyadh
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Moneycontrol•26-09-2026, 20:32
Trump Rejects Iran's Hormuz Deal Amid Houthi Attacks on Riyadh
- •President Trump rejected an Iranian proposal to reopen the Strait of Hormuz, stating Iran is "losing so badly" under US economic pressure.
- •The rejected deal would have seen Iran reopen the Strait of Hormuz in exchange for Washington lifting its blockade of Iranian ports.
- •Saudi-backed coalition forces intercepted two Houthi drones targeting Riyadh and a ballistic missile aimed at Khamis Mushait.
- •Air raid alerts were issued for Riyadh residents, marking the first such instance since hostilities peaked in March and April.
- •Iranian President Masoud Pezeshkian stated Iran would not allow freedom of navigation through Hormuz while sanctions and a US blockade persist, nor would it abandon nuclear technology development for economic purposes.
Key Questions Answered
President Donald Trump announced that he rejected a proposal from Iran to immediately reopen the Strait of Hormuz because the nation is facing severe economic pressure from the US naval blockade and losing badly.
Saudi-backed coalition forces reported that air defenses intercepted two drones launched by the Houthis toward Riyadh and a ballistic missile targeting the southern border area of Khamis Mushait, alongside civil defense alerts in Abha and Jazan.
Iranian President Masoud Pezeshkian stated at the United Nations General Assembly in New York that Iran will not allow freedom of navigation through the Strait of Hormuz as long as US sanctions and naval blockades remain in place.
