Iran offers to reopen Hormuz in 7 days if the U.S. lifts its blockade and sanctions. WSJ: Trump privately said no. Reuters can't confirm.

Here is the situation as of Saturday morning. Iran used the UN General Assembly to float a proposal, passed to Washington through Qatari mediators, that it says would reopen the Strait of Hormuz and halt fighting on all fronts, including Lebanon, within seven days, Reuters reports. The price: Washington lifts its blockade of Iranian ports, releases frozen funds and waives oil sanctions. "If there is seriousness on the US side to come to a deal and reopen the Strait of Hormuz, everything is now prepared," Foreign Minister Abbas Araqchi said. The Wall Street Journal reported that President Trump privately rejected the offer and told staff a renewed bombing campaign is likely. Reuters could not immediately confirm that. A senior Iranian official told Reuters that Tehran will show no flexibility on its nuclear program, including enrichment, even if a deal is struck. Assessment: the terms are front-loaded. Tehran asks for relief up front and signals no give on the nuclear file, the part Washington cares about most. Mediators still matter; in 1981 it took Algerian go-betweens to end the hostage crisis. But sequencing matters more. Reopening the strait while the centrifuges spin buys calm, not peace.