President Donald Trump rejected a proposal by Iran to open the vital Strait of Hormuz to commercial shipping in exchange for the U.S. lifting oil sanctions on Iran, releasing frozen Iranian funds and ending its naval blockade of Iranian ports.
"They want to make a deal where they open the straight immediately because they're losing so badly ... we are winning tremendously. We have total control of the Hormuz Strait, massive amounts of oil are coming out of the Hormuz Strait", Trump told reporters on Saturday.
