The US president said on Sunday that he expects negotiations with Iran to restart within the next week, even after turning down a proposal from Tehran for a seven-day pause in hostilities. Iranian officials presented the plan to the United Nations General Assembly in New York, calling for a temporary ceasefire followed by the reopening of the Strait of Hormuz, a vital waterway for global oil shipments. The US president dismissed the offer and indicated he might resume broader air strikes against Iranian targets, but he told the news platform Axios that he still anticipates talks to begin soon. "They want to make a deal, but it is not the deal that I want to make," he said in the interview. "It is what we would have maybe agreed to a year ago." He added that Iran "overplayed their hand." According to Axios, citing sources familiar with the discussions, indirect talks between Washington and Tehran could occur as early as Monday. Iran continued to insist on its conditions for reopening the strait, keeping the Gulf conflict in a stalemate while fighting persists in Yemen. Iran's foreign minister, Abbas Araghchi, told the assembly that the seven-day plan required a cessation of all Middle East hostilities, including in Lebanon, and a return to the terms of a previous ceasefire that collapsed during earlier clashes over Hormuz. That earlier agreement had called for the release of frozen Iranian assets, the lifting of sanctions on Iranian oil and an end to the US naval blockade. "Our conditions are clear, and any move toward reopening the Strait of Hormuz is contingent upon these conditions being fulfilled," Araghchi said, as reported by the state broadcaster IRIB. "We have never closed the door to diplomacy or negotiations, but at the same time, we have never backed down from our rights." The US ambassador to the United Nations, Mike Waltz, criticized Tehran for demanding what he called excessive concessions in exchange for resuming dialogue. "This was, I think, a pretty cynical attempt to put something on the table that they knew was unacceptable," he told NBC News. "To ask for the release of the blockade, the sanctions, international sanctions and access to billions in assets, just to talk." He added that the president had little confidence in the process after recent attempts. Meanwhile, Iran's Revolutionary Guards announced they had seized an American submersible drone in the Strait of Hormuz, describing the underwater vehicle as being used "for espionage purposes" and stating it was now in their possession for data recovery. Earlier in June, Washington and Tehran had signed a memorandum of understanding aimed at ending the conflict, reopening the strait and launching talks on Iran's nuclear program, but the arrangement collapsed after Iran attacked commercial ships it accused of violating its designated route through Hormuz. Iran requires vessels to obtain authorization before passing, citing security and sovereignty concerns, and has periodically targeted non‑compliant ships while the United States has occasionally conducted strikes on Iranian coastal areas in retaliation. The situation remains unresolved, with both sides maintaining firm positions as diplomatic channels remain open but untested.