Trump rejects Iran's ceasefire and Hormuz proposal, Iran issues warning

US President Donald Trump has rejected Iran's new proposal on a ceasefire and reopening the Strait of Hormuz, according to the American newspaper The Wall Street Journal.

Iranian Foreign Minister Abbas Araghchi had proposed, through a mediator in New York, a seven-day ceasefire and resumption of normal shipping through the strait within seven days.

The proposal was based on an understanding reached last June, which included easing sanctions on Iranian oil exports and normalizing vessel movement through the strait.

According to the newspaper, the United States is skeptical that Iran would abide by the conditions and wants a broader agreement that also covers Iran's nuclear program.

Trump has warned that bombing of Iran could resume. At the UN General Assembly's 81st session, he said Iran faced a choice between being destroyed or receiving compensation and rebuilding into a strong nation.

Speaking to reporters at UN headquarters on Friday, Foreign Minister Araghchi said the process to reopen the strait would move forward only after the US fulfills the terms of the agreement. Iran said it was in no hurry to reach a deal.

Meanwhile, Iran's top military command has warned it would destroy US military bases if attacked. According to the semi-official Mehr news agency, Iran said it would not start a war but would spare no effort in defending itself if attacked.