US President Donald Trump has claimed that Iran wants to reopen the 'Strait of Hormuz' (a commercial sea route) as soon as possible, because the closure of this route is causing it severe economic and financial losses. Speaking to the media, Donald Trump said that the US military has imposed a complete naval blockade on Iranian ports, which he described as the largest blockade in US military history. He added that the US military is assisting commercial ships to safely pass through this route. It is worth noting that tension in this sea route escalated after attacks on Iran by the US and Israel in February this year, significantly reducing ship traffic. Iran's Proposal to Open the Route in 7 Days: Donald Trump's statement came after Iran offered a proposal to reopen the 'Strait of Hormuz' within 7 days. Iranian Foreign Minister Abbas Araghchi had sent a message to the US through Qatar stating that if the US accepts the conditions, Iran would reopen this route and is ready to resume talks on its nuclear program. Iran stated in its conditions that the naval blockade of Iranian ports must be lifted. Restrictions imposed on the sale of Iranian oil must be removed. Iran's frozen assets must be restored. A ceasefire in the region must be implemented. US Rejected Iran's Offer: US President Donald Trump has refused to accept Iran's 7-day conditional proposal. On the other hand, the Iranian Foreign Minister says that their conditions remain in place, and they are waiting for an official US response through mediators. Impact on Global Trade: The Strait of Hormuz is an extremely critical sea route for world oil supply. Due to this tension between the US and Iran, there are deep impacts on global oil prices and trade.