---
title: "Trump rejects Iran Peace Plan- Prolonged Strait of Hormuz problems- Russia ready to help"
type: "post"
post_id: "14408"
slug: "trump-rejects-iran-peace-plan-prolonged-strait-of-hormuz-problems-russia-ready-to-help"
canonical: "https://pennyforyourthoughts2.ca/2026/09/26/trump-rejects-iran-peace-plan-prolonged-strait-of-hormuz-problems-russia-ready-to-help/"
markdown_url: "https://pennyforyourthoughts2.ca/2026/09/26/trump-rejects-iran-peace-plan-prolonged-strait-of-hormuz-problems-russia-ready-to-help.md"
json_url: "https://pennyforyourthoughts2.ca/2026/09/26/trump-rejects-iran-peace-plan-prolonged-strait-of-hormuz-problems-russia-ready-to-help.json"
txt_url: "https://pennyforyourthoughts2.ca/2026/09/26/trump-rejects-iran-peace-plan-prolonged-strait-of-hormuz-problems-russia-ready-to-help.txt"
published: "2026-09-26T18:11:12+00:00"
modified: "2026-09-26T18:14:24+00:00"
author: "penny2"
categories:
  - "Uncategorized"
tags:
  - "Iran"
  - "Russia"
  - "US"
site_name: "PFYT2"
publisher: ""
language: "en-US"
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generator_version: "1.0.6"
---
[**Coin Edition.com**](https://coinedition.com/iran-peace-plan-rejected-what-a-prolonged-strait-of-hormuz-crisis-could-mean-for-oil-gold-and-bitcoin)

**Iran is waiting for an official response from Washington after the Wall Street Journal reported that President Donald Trump rejected Tehran’s offer to reopen the Strait of Hormuz** and pause fighting across the Middle East within seven days.

***What Iran Actually Offered***

**Iran took its seven-day plan to the United Nations General Assembly, saying the offer had already reached US officials through Qatari mediators.**

**Foreign Minister Abbas Araqchi said the deal was clear. If the US lifted its naval blockade, released Iran’s frozen funds, and dropped oil sanctions, Iran would reopen the strait and halt hostilities within a week.**

**`“If there is seriousness on the US side to come to a deal and reopen the Strait of Hormuz, everything is now prepared,” he said.`**

Trump, according to the report, was skeptical Iran would follow through and told his staff he expects fighting to resume, possibly after November’s midterms.

***Why This Matters More Than The Politics***

For traders, the real story is not diplomacy itself. It is what happens next if the deal collapses and the strait stays shut.

Nearly a fifth of the world’s oil moves through that strait. Iran has kept it largely blocked since the war started in February, and the impact is starting to show.

**What Happens To Oil If The Strait Stays Closed?**

**Brookings Institution researchers warned that Brent crude could climb toward $150 a barrel once emergency oil reserves run dry, likely by mid-July. That would break the 2022 record of $139 a barrel set after Russia invaded Ukraine.**

There is already a preview of this. When the war first broke out, Brent jumped from around $72 a barrel to as high as $123 before easing closer to $100 as talks progressed.

 ***Could Renewed Fighting Trigger Another Oil Spike?***

**Yes, and it would not stop at oil. Higher crude prices tend to push up gasoline and diesel costs quickly, which feeds straight into inflation and raises the odds of a broader economic slowdown.**

***What About Gold?***

**Gold usually rallies when fear rises, but this war has been more complicated. Gold actually slid from record highs above $5,300 an ounce to the $4,000 to $4,300 range, as oil-driven inflation fears pushed the Federal Reserve toward higher rates and a stronger dollar, which weighed on gold even during the conflict.**

If tensions flare again, gold’s next move could depend on which force wins out: fear-driven buying or a stronger dollar pulling it down.


***Where Does Bitcoin Fit In?***

**Bitcoin has increasingly traded like a risk asset rather than a safe haven during geopolitical shocks, often falling alongside stocks in the first wave of panic before any later recovery.**

A renewed US-Iran conflict could trigger the same pattern, a quick sell-off as investors de-risk, followed by choppy trading tied to how oil and inflation numbers move afterward.

###### [Russia ready to help stabilize the strai](https://ina.iq/en/international/52364-russia-ready-to-contribute-to-achieving-stability-in-the-strait-of-hormuz-region.html)t

> **Russian Foreign Minister Sergei Lavrov confirmed on Saturday his country’s readiness to contribute to achieving stability in the Strait of Hormuz region.**
> 
> **“The waves of confrontation in the Gulf and the Strait of Hormuz issue must be resolved,”** Lavrov said in press statements, reported by the Iraqi News Agency – INA.
> 
> He added, **“We launched an initiative to establish peace in the Gulf region and settle the crisis in the Strait of Hormuz,”** noting that **“targeting Iranian nuclear facilities dealt an irreparable blow to the authority of the International Atomic Energy Agency.”**
> 
> **“The repeated armed confrontations in the Gulf and the Strait of Hormuz continue, harming global navigation and trade,” he pointed out, noting that “settlement of the crisis requires building confidence between the Gulf states, the Arab states, and Iran.”**
> 
> **Lavrov underscored, “Russia is ready, along with other countries, to contribute constructively to the stability of the Middle East region, which is of strategic importance.”**