Exclusive: Trump rejects Iran's offer, says blockade stays until nuclear deal - Axios

President Trump rejected an Iranian proposal to ease tensions over the Strait of Hormuz and said the U.S. naval blockade will remain in place until Tehran reaches a nuclear agreement. His more recent public comment that he "doesn't like" Iran's written response and called it "inappropriate" reinforces that stance and reduces the likelihood of near-term de-escalation. The decision preserves U.S. maritime pressure and sustains a risk of further naval incidents and market volatility until diplomatic progress is made.