US rejects Iran's ceasefire proposal over sanctions demands

The United States rejected Iran's seven-day ceasefire proposal to reopen the Strait of Hormuz, with US Ambassador to the UN Mike Waltz calling it a "cynical attempt" because Tehran demanded sanctions relief and access to billions in frozen assets before nuclear talks. Waltz stated Iran's proposal included lifting sanctions and unfreezing funds, which he noted were global sanctions backed by seven UN Security Council resolutions over 20 years. He also cited IAEA referrals over Iran's refusal to allow inspectors and oversight of enrichment. Iranian Foreign Minister Araghchi disputed Waltz's account, saying the ambassador had not read the plan. Iran remains open to diplomacy but warns it is prepared for renewed hostilities, while Trump has told aides bombing may resume after the November midterm elections.