Trump rejects Iran's conditional ceasefire proposal, WSJ reports, as Saudi coalition intercepts projectiles

Iranian Foreign Minister Abbas Araghchi had floated the proposal Friday, offering to reopen the strait and restart nuclear talks with the U.S. Within seven days if Washington agreed to Iran's conditions. Araghchi said the strait would open "at the end of" a set period if those terms were met. Separately, Yemen's Saudi-led coalition forces said they intercepted projectiles fired by Iran-backed Houthi rebels.

The rejection signals no near-term cooling in the standoff between Washington and Tehran. Trump's reported plan to wait until after the midterms suggests the conflict could stretch into a political calendar rather than an urgent security one, and that timeline matters far beyond the region. The Strait of Hormuz carries a massive share of the world's oil shipments, and any disruption there ripples into gas prices and global markets. The Houthi intercepts add another front to an already tangled set of Middle East tensions tied to Iran's network of allied fighters.

Iran put a seven-day clock on its offer. Trump, according to the report, is looking at a calendar that runs past November instead.