President Donald Trump said hostilities with Iran would end soon after U.S. representatives communicated through diplomatic intermediaries, but neither Washington nor Tehran has announced a ceasefire or binding agreement. Iranian Foreign Minister Abbas Araghchi presented a proposal during the United Nations General Assembly seeking to reopen the Strait of Hormuz within seven days if the United States lifts its naval blockade, releases frozen Iranian funds, eases restrictions on Iranian oil and accepts a regional ceasefire. Tehran said nuclear negotiations could follow and has also sought the removal of U.S. naval forces and access to about $12 billion in frozen assets. Trump rejected the initial proposal on Sept. 26 and wrote on Truth Social, "This is untrue. I offered them NOTHING," after Axios reported that he was willing to offer some sanctions relief and access to frozen funds for nuclear concessions. Araghchi expected a formal U.S. response, while intermediaries discussed synchronizing Hormuz access with a U.S. naval withdrawal. The rial traded above 2.54 million per dollar, while Hormuz flows approached pre-conflict levels despite continuing military incidents. Saudi Arabia and the UAE separately signaled efforts to repair their Yemen-related rift as Iran-aligned Houthis advanced toward the Bab al-Mandab Strait.