Iran awaits US reply on Hormuz proposal; Trump denies concessions

Iran is awaiting a US response to a proposal to reopen the Strait of Hormuz in exchange for certain conditions, with indirect talks reportedly ongoing via Qatari mediators during the UN General Assembly in New York. Iranian Foreign Minister Abbas Araghchi said late Monday that Qatari mediators have presented proposals and will relay the US final answer, expressing hope for clarity by Tuesday. Iran demands the US begin lifting sanctions, end the naval blockade, and release frozen billions, alongside a week-long ceasefire across Middle East conflict zones. President Donald Trump denied Axios reports that he offered concessions, stating he offered "nothing." US envoy Mike Waltz called Iran's proposal unacceptable, while oil prices rose on the rejection, highlighting Iran's economic leverage ahead of US midterm elections.