President Donald Trump rejected Iran’s conditional offer to reopen the Strait of Hormuz and restart nuclear talks within seven days, telling aides he expects renewed U.S. bombing after November’s midterm elections and confirming the rejection to reporters. Iran said it would reopen the strait and resume negotiations if Washington stopped actions Tehran labels aggressive, lifted a naval blockade and economic pressure, and released frozen Iranian assets; mediators remain involved as the U.S. presses demands aimed at preventing a nuclear weapon.
At the same time, Iran-backed Houthi forces in Yemen intensified attacks on Saudi Arabia, and the Saudi-led coalition intercepted two drones toward Riyadh and two ballistic missiles aimed at the Khamis Mushait/Abha region. The conflict has tightened Middle East energy flows and driven oil prices higher year-to-date, though crude eased this week amid U.N.-sideline discussions: West Texas Intermediate closed at $92.41 (-2.3%) and Brent at $104.32 (-2.1%), with WTI up roughly 61% and Brent about 71% year-to-date.
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