Geopolitical events
On September 26, 2026, U.S. President Donald Trump publicly rejected an Iranian proposal aimed at reopening the Strait of Hormuz within seven days and resuming nuclear negotiations in exchange for terminating the U.S. naval blockade on Iranian ports. Speaking at the White House, Trump affirmed his refusal of the proposal amid skepticism over Tehran's willingness to dismantle its nuclear program. The continuation of the blockade sustains critical logistical bottlenecks and macroeconomic volatility in international oil and maritime transit markets, with administration officials indicating that military actions could intensify following the U.S. midterm elections in November 2026.