Trump rejects Iran strait deal over oil revenue

President Donald Trump has provided new details on his rejection of an Iranian proposal to open the Strait of Hormuz, revealing that his advisors were initially pleased with the offer. Trump stated he personally opposed the deal, calculating that opening the vital waterway would allow Iran to earn approximately $500 million a day from resumed oil exports. This explanation underscores his continued focus on maximizing economic pressure as a central component of US strategy against Tehran.