US-Iran Talks: Trump Says "I Offered Them Nothing" as Hormuz Stays Shut

By Jagjagran | 1 October 2026

The high-stakes standoff between the United States and Iran over the Strait of Hormuz remains deadlocked — and it's keeping global oil prices above $100. President Donald Trump has rejected Iran's seven-day plan to reopen the vital waterway, and flatly denied reports that he offered Tehran any concessions, posting that he "offered them NOTHING."

Here's the latest.

IRAN'S PROPOSAL

During the UN General Assembly, Iran's Foreign Minister Abbas Araghchi presented a seven-day plan for a ceasefire and phased reopening of the Strait of Hormuz. It depends on the US meeting the terms of a mid-June memorandum — releasing frozen Iranian funds, lifting sanctions, and ending its naval blockade of Iranian ports.

Araghchi said: "The choice now rests with the United States."

TRUMP'S REJECTION

Trump rejected the plan on Saturday, 26 September. He then pushed back hard against media reports (from Axios and CNN) that he was willing to offer sanctions relief, insisting: "I offered them NOTHING."

The core deadlock remains: Iran wants to talk about Hormuz and the blockade; Washington wants nuclear concessions first. White House officials say the US "has no intention of dismantling its maritime blockade."

WHERE TALKS STAND

→ Trump says talks should resume this week, through Qatari mediators.

→ Iran's Foreign Minister says Tehran is still awaiting an official US response.

→ Iran's security council chief Mohsen Rezaei said: "Trump is trapped in a quagmire where he can neither negotiate nor fight."

WHY IT MATTERS FOR INDIA

FREQUENTLY ASKED QUESTIONS

Q: Why did Trump reject Iran's plan?

A: Iran's plan focused on reopening Hormuz and lifting the US blockade; Washington wants nuclear concessions first.

Q: Is the Strait of Hormuz open?

A: It remains disrupted by the conflict, keeping oil prices above $100.

Q: How does this affect India?

Sources: CBS News, CNBC, Axios, Reuters, Trading Economics.