Trump Holds NSC Meeting on Iran War Strategy; Tehran Offers Hormuz Access Without Nuclear Concessions — Rejected

President Trump convened a National Security Council meeting on April 27, 2026 to review US strategy on the Iran war ceasefire, now on Day 59 with no diplomatic progress. Iran made a fresh offer to reopen the Strait of Hormuz in exchange for the US lifting its naval blockade — an offer the Trump administration rejected because it contained no concessions on Iran's nuclear program, which Trump has repeatedly called the non-negotiable condition for any deal. Trump posted to Truth Social that the US 'has all the cards' and reiterated that any deal must include Iran renouncing nuclear weapons permanently. Iran's Foreign Ministry restated it would not negotiate 'under the shadow of threats.' VP Vance's planned second-round Islamabad trip remained on hold; no new talks were scheduled. The ceasefire, extended indefinitely on April 21 at Pakistan's request, technically continues but all diplomatic channels are at impasse. Oil prices rose sharply on the news as markets re-priced extended Hormuz disruption risk into energy forecasts.