President Donald Trump rejected Iran's peace proposal, and he told aides that he plans to resume attacks on Iran after the midterm elections in November, The Wall Street Journal reported.

On Friday, Iranian Foreign Minister Abbas Araghchi proposed reopening the strait and resuming talks with the United States if Trump accepts Iran's conditions.

"If certain conditions are met, the Strait of Hormuz will be open at the end of seven days, and talks will be restarted," Araghchi told reporters at the United Nations General Assembly in New York.

The conditions mentioned by Tehran include stopping what it calls the United States' "acts of aggression," an end to the naval blockade and economic warfare, and the release of Iranian assets, Iranian foreign ministry spokesman Esmaeil Baghaei said this week, CNBC reported.

But Friday night, Trump posted on Truth Social an image of a map in which the Strait of Hormuz is labeled "Trump Strait."

During the UNGA this week, Trump threatened to "annihilate" Iran if he wasn't able to make a peace deal.

"Do I drive them into hell with no chance of survival and no hope of future greatness or generations?" Trump wondered aloud.

Iranian President Masoud Pezeshkian blamed the United States and Israel for global instability and began his speech by showing photos of children that he said were killed by U.S. and Israeli bombs. He told the United Nations that Iran will fight back "until our last breath."

"The United States president described us as terrorists. We have been the victims of terrorism," Pezeshkian said.