Trump says Iran ceasefire is on 'massive life support'

US President Donald Trump stated on Monday that the month-long ceasefire with Iran is "on massive life support" and "unbelievably weak." This comes after Iran presented a counter-offer on Sunday to end the conflict and reopen the Strait of Hormuz. Trump rejected Iran's proposal, deeming it "totally unacceptable" and a "piece of garbage." Iran's foreign ministry spokesperson, Esmail Baghaei, described Tehran's proposals as "responsible" and "generous," outlining demands that include an immediate end to hostilities, the lifting of the US naval blockade, and guarantees against further attacks. In response to Trump's criticism, Baghaei indicated Iran would take necessary actions to secure its interests.

President Trump has declared Iran's response to a US peace proposal "totally unacceptable," signaling a fraying ceasefire. Iran's counter-proposal reportedly included lifting US sanctions, ending the blockade of the Strait of Hormuz, and an immediate end to the war with guarantees. The US proposal, however, outlined parameters for nuclear talks, including a long-term moratorium on enrichment and the transfer of Iran's enriched uranium. The differing stances, particularly regarding the duration of the moratorium and the dismantling of nuclear facilities, represent a key sticking point. This development occurred as Israeli Prime Minister Benjamin Netanyahu stated the war was "not over," and drone strikes were reported in the region, leading to a jump in Brent crude oil prices.

Overnight developments in the ongoing US-Iran conflict, now in its tenth week with stalled peace talks, highlight Iran's reported proposal. According to Tehran's Tasnim news agency, Iran has requested an immediate end to the war and the maritime blockade against it. Additionally, Iran is seeking the lifting of US sanctions on its oil sales for a 30-day period. These demands were reportedly conveyed by an "informed source" within Iran. The article also mentions a Qatari tanker transit, though details are not elaborated upon in this excerpt.

Oil prices surged in Asian trading Monday after U.S. President Donald Trump rejected Iran's proposal to end the ongoing conflict. Iran, through Pakistan as a mediator, had called for an immediate cessation of hostilities and guarantees against future U.S.-Israeli attacks. In response, Trump declared Iran's terms "totally unacceptable." This development comes as the Strait of Hormuz remains effectively closed since the war's commencement on February 28th, significantly impacting global oil and gas supplies. Brent crude rose 4.1% to $105.50 a barrel, and U.S. crude increased 4.4% to $99.80. The U.S. had previously demanded the restoration of free transit through the Strait and the suspension of Iran's nuclear enrichment.