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Global Oil Price Impact
Increase in oil prices following the breakdown of recent peace negotiations.
Primary Sources
Trump calls Iran response to US proposal to end war 'totally unacceptable'
3 hours agoGeorge WrightandHenri AstierGetty ImagesPresident Donald Trump has dismissed Iran's response to US proposals to end the war as "totally unacceptable".Iran's semi-official Tasnim news agency said Tehran's proposal, sent via Pakistan, which has served as a mediator, included an immediate end to the war on all fronts, a halt to the US naval blockade of Iranian ports and guarantees of no further attacks on Iran.A ceasefire meant to facilitate talks to end the war launched by the US and Israel in February has been largely observed, despite occasional exchanges of fire.But Israeli Prime Minister Benjamin Netanyahu said that Iran's stockpile of enriched uranium must be "taken out" before the war against Iran can be considered over."There's still enrichment sites that have to be dismantled," Netanyahu said in an interview on CBS's 60 Minutes show.According to Iranian state media, Tehran's proposal includes a demand for compensation for war damage and an emphasis on Iranian sovereignty over the Strait of Hormuz.On Sunday, Iranian President Masoud Pezeshkian did not directly reference Tehran's proposal but said: "We will never bow our heads before the enemy, and if talk of dialogue or negotiation arises, it does not mean surrender or retreat."Trump posted on Truth Social: "I have just read the response from Iran's so-called 'Representatives.' I don't like it - TOTALLY UNACCEPTABLE."US news outlet Axios reported that the one-page, 14-point US memorandum includes provisions such as a suspension on Iranian nuclear enrichment, the lifting of sanctions, and restoring free transit through the Strait of Hormuz.It cited two US officials and two other sources - all unnamed - whom it described as briefed on the issues. These sources were reported as saying that many of the terms laid out in the memo would be contingent on a final agreement being reached.Iran has continued to block the strategic strait - leading to a rise in world oil prices. Normally about 20% of the world's oil and liquefied natural gas passes through the strait.The US, for its part, has been enforcing a blockade of Iranian ports to exert pressure on Tehran to agree to its terms - a move that has infuriated Iran.Israeli and US forces began massive air strikes on Iran on 28 February. A ceasefire in the Iran war came into effect last month. In his CBS interview, Netanyahu said "I want to draw down to zero" the US financial support for Israel's military. "We receive $3.8 billion a year. And I think t...
Trump calls Iranian response to US peace proposal 'totally unacceptable'
Live Updates Video Ad Feedback Analyst: Trump's latest comments on Iran shows the two sides remain fair apart on peace deal 8:00 • Source: CNN Analyst: Trump's latest comments on Iran shows the two sides remain fair apart on peace deal 8:00 Ad Feedback • Iran’s response: Tehran’s counter-proposal to a US plan to end the war included a demand for compensation and recognition of sovereignty over the Strait of Hormuz, reported Iranian state media. President Donald Trump has called Iran’s response “totally unacceptable” and accused Tehran of “playing games.” • Israel on military aid: Prime Minister Benjamin Netanyahu said “it’s time we weaned ourselves from the remaining military support” from the US, telling CBS that he wants to reduce the funding from $3.8 billion a year “to zero.” • Strait of Hormuz: Iran’s military warned that countries enforcing sanctions against Tehran will “face problems” when their vessels use the strait. Iran and the US have recently traded attacks in the region’s key waterways. 35 Posts US President Donald Trump has called Iran’s response to a US proposal to end the war “totally unacceptable.” These comments followed his criticism of Iran earlier Sunday, accusing Tehran of “playing games” with the US and the rest of the world. Tehran’s counter-proposal included recognition of sovereignty over the blockaded Strait of Hormuz and a demand for compensation, state media reported. The reports did not mention the country’s nuclear program, which has been one of the key issues the US has tried to address. More headlines to know: Israel looking to “wean” US support: In an interview with CBS, Israeli Prime Minister Benjamin Netanyahu said he wants to reduce US military support from $3.8 billion a year “to zero,” saying, “I think that it’s time that we weaned ourselves from the remaining military support.” Separately, sources said that Netanyahu spoke with Trump on Sunday evening, as Iran submitted its response. Oil prices rise: Brent crude prices on Sunday rose 3.17% to $104.50 a barrel and US crude climbed 3.21%, to about $98.48 a barrel. Peace talks between the US and Iran appear to have stalled again, renewing concerns about when oil would be able to pass through the Strait of Hormuz, a critical waterway for about one-fifth of the world’s oil. Activist moved: After spending 10 days in a hospital in Zanjan, Iranian Nobel Peace Prize laureate Narges Mohammadi was granted bail and transferred to a hospital in Tehran on Sunday...
Trump rejects Iran's response to US peace proposal as 'unacceptable'
4 hours ago ... Trump calls Iranian counterproposal 'TOTALLY UNACCEPTABLE' · Iran demands end to blockade, compensation, and sovereignty over Strait of Hormuz · US faces domestic ...
Trump Rejects Iran's Response To Peace Deal As 'Totally Unacceptable'
US President Donald Trump angrily rejected Tehran's response to a US peace proposal, calling it "totally unacceptable," while Iranian state media listed what appeared to be no easing of the ...
