Trump rejects Iran ceasefire proposal, report says

U.S. President Donald Trump has rejected Iran’s conditional offer to reopen the Strait of Hormuz and restart nuclear talks, according to a Wall Street Journal report cited by CNBC. Trump later confirmed that he turned down the proposal. The report says Trump has told aides he expects renewed U.S. bombing of Iran after the November midterm elections, although CNBC said it could not independently verify that claim. Iranian officials had said talks could resume within seven days if Washington stopped what Tehran described as acts of aggression, ended the naval blockade, and released Iranian assets. The article also says Saudiled coalition forces in Yemen intercepted two Houthi drones headed toward Riyadh and two ballistic missiles aimed at the Khamis Mushait region. The conflict has continued to affect regional security and energy markets, with oil prices moving lower for the week as diplomacy remained in focus.