Trump reportedly rejects Iran’s seven-day ceasefire proposal. What’s next?

United States President Donald Trump has reportedly ruled out an Iranian proposal to reopen the Strait of Hormuz within a week, according to unnamed US officials cited by The Wall Street Journal.Trump’s rejection comes just hours after Iran put forward a new roadmap to opening the strait, through which one-fifth of global oil and natural gas is shipped during peacetime – and days after the US president threatened to “annihilate” Iran from the floor of the UN General Assembly.Recommended Stories list of 3 itemslist 1 of 3Trump hails ‘very productive’ talks with China’s Xi Jinpinglist 2 of 3Netanyahu’s UN belligerence wins cheers at home as world walks outlist 3 of 3Iran war squeezes Iraq’s economy as oil revenues fall and prices riseend of listHere’s what we know about Trump’s response to the proposal and what could come next in the conflict.What was in Iran’s seven-day proposal?The proposal lays out a roadmap to open the Strait of Hormuz with normal maritime passage within a week.Speaking to reporters on Friday, Iran’s Foreign Minister, Abbas Araghchi, said the proposal calls for the US to take actions it committed to under the failed June 17 Islamabad Memorandum of Understanding (...