Trump Rejects Iran Proposal On Hormuz As Houthis Target Riyadh

By Courtney Subramanian

Sep 26, 2026 (Bloomberg) –President Donald Trump said Saturday he rejected a deal from Iran to reopen the Strait of Hormuz as Saudi Arabia’s capital came under attack from Yemen’s Houthis over the weekend.

“They made a proposal but I rejected it,” Trump said as he departed the White House on Saturday. “They want to make a deal where they open the strait immediately because they’re losing so badly.”

Trump added that the US naval blockade in Hormuz is putting increasing economic pressure on Iran.

US and Iranian negotiators had been exploring a deal that would