00:02U.S. President Donald Trump on Saturday said he rejected an Iranian proposal to reopen the Strait of Hormuz and
00:10end fighting in the Middle East.
00:12They want to make a deal, and I think that's fine. I like making a deal, too. But that deal
00:18would not be acceptable.
00:19Iran's foreign minister told the U.N. General Assembly a day earlier that the proposal had been transmitted via Qatari
00:27mediators and that it could reopen the strategic waterway and put an end to hostilities within seven days.
00:34Iran has conveyed to the United States, through Qatar, a concrete seven-day plan.
00:43If the necessary conditions are met, the Strait can be reopened, a normal maritime passage restored within seven days.
00:53The choice now rests with the United States.
00:56But in comments to reporters at the White House on Saturday, Trump said Iran was motivated by its economic woes.
01:03What they want to do is immediately open the Hormuz Strait. You know why? Because they're dying.
01:09You know why they're dying? Because they have no money coming in. Because they get their money from the Hormuz
01:14Strait.
01:14The U.S. has imposed an economic blockade on Iran to put pressure on Tehran to lift its blockade of
01:22Hormuz.
01:23The seven-month-old conflict has disrupted oil flows through the critical shipping lane and taken a toll on the
01:30global economy.
01:31The Wall Street Journal first reported that Trump had rejected the Iranian proposal, citing unnamed U.S. officials.
01:38It said that Trump was privately skeptical that Iran would meet his demands and had told his staff that he
01:45sees a renewed bombing campaign as likely after the November U.S. midterm elections.
01:51The U.S., along with other Western states, and Israel, have long accused Iran of seeking nuclear weapons, which Iran
02:00denies.
02:01Iran's president, in an interview with CBS's Face the Nation to air on Sunday, said Tehran was ready for talks
02:09on its nuclear program and other issues, but would not accept, quote, bullying or coercion.
02:15Iran's president, in an interview with CBS's Office of the Nation to air on Sunday, said Tehran was ready for
02:15talks on its nuclear program and other issues.
