Crosswire — September 29, 2026
DAILY BRIEFING
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GEOPOLITICS
US–Iran: Trump Rejects Hormuz Offer, Sanctions Tighten — But the Blockade Has a China-Sized Hole
What changed: Iran's foreign minister says only a negotiated solution ends this, after Trump publicly trashed an Iranian proposal to reopen the Strait of Hormuz — claiming the US already has "total control" of a strait that's been effectively closed since February. That's rhetoric, not reality. Tehran says it's waiting for a definitive US answer through mediators and is tying reopening to a June memorandum of understanding; President Pezeshkian says Iran will…
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