Trump rejects Iran’s conditional ceasefire proposal, WSJ reports, as Saudi coalition intercepts projectiles

President Donald Trump has rejected Iran’s conditional proposal for reopening the Strait of Hormuz, telling aides he expects to resume bombing the country after November’s midterm elections, The Wall Street Journal reported Saturday, quoting unnamed U.S. officials.

In a gaggle with reporters later on Saturday, Trump confirmed he had rejected Iran’s latest offer: “They made a proposal but I rejected it.”

Meanwhile, Yemen’s Saudi-led coalition forces said they intercepted projectiles fired by Iran-backed Houthi rebels.

Iranian Foreign Minister Abbas Araghchi on Friday proposed reopening the strategically vital strait and resuming nuclear talks with the U.S. within seven days if the Trump administration accepts its conditions.

“If certain conditions are met, the Strait of Hormuz will be open at the end of seven days, and talks will be restarted,” Araghchi told reporters on the sidelines of the United Nations General Assembly in New York.

Tehran’s conditions include a halt to what it calls U.S. “acts of aggression,” an end to the naval blockade and economic warfare, and the release of Iranian assets, Iranian foreign ministry spokesman Esmaeil Baghaei said this week.

Trump said earlier this month that he expects the war, which began on Feb. 28 with U.S. and Israeli airstrikes on Iran, to end shortly after the midterms and for oil prices to fall afterward.

But privately, Trump is skeptical Iran would meet his demands and has told his staff that he sees a renewed bombing campaign as likely, the WSJ quoted officials as saying.

CNBC could not immediately confirm the report.

The Journal quoted a U.S. official as saying Washington and Tehran were still negotiating through mediators, including over U.S. demands intended to prevent Iran from developing a nuclear weapon.

Article source: https://www.cnbc.com/2026/09/26/trump-rejects-irans-conditional-ceasefire-proposal-wsj-reports.html