President Donald Trump has rejected Iran’s seven-day ceasefire proposal, the Wall Street Journal reported on September 26, citing U.S. officials familiar with the matter. According to the report, Trump remains skeptical that Iran would meet his demands.

Iranian Foreign Minister Abbas Araghchi presented the plan to the U.S. through Qatar on September 25, on the sidelines of the U.N. General Assembly. Under the proposal, the U.S. would lift its naval blockade of Iranian ports, waive sanctions on Iranian oil exports, release more than $12 billion in frozen Iranian assets, and observe a seven-day regional ceasefire. In exchange, Iran would reopen the Strait of Hormuz through a new Iran-Oman route on day six and resume nuclear negotiations.

“Iran does not accept coercion, threats, or intimidation, and Iran will not surrender its sovereign rights under pressure,” Araghchi said at the U.N.

Trump said Iran wants a deal because “they’re losing so badly.” On Friday night, he posted a map on Truth Social of the Persian Gulf region with the Strait of Hormuz circled and labeled “Trump Strait.” The Journal also reported that Trump told aides it is “likely” U.S. airstrikes on Iran resume after the November midterm elections.