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May 11, 2026
5h ago

Trump slams Iran’s peace proposal as oil prices rocket

Trump slams Iran’s peace proposal as oil prices rocket

Trump has swiftly rejected a peace proposal from Iran, labelled by Tehran as 'generous and responsible'...

✨ Key Highlights

U.S. President Donald Trump has "TOTALLY UNACCEPTABLE" described Iran's peace proposal, causing oil prices to surge as a protracted conflict paralyzes shipping through the Strait of Hormuz.

  • Iran is demanding an end to the U.S. naval blockade, compensation for war damages, and sovereignty over the Strait of Hormuz.
  • President Trump rejected the proposal on social media, with Iran calling its offer "generous and responsible."
  • Oil prices rose by more than 3.5 percent as the deadlock continues and the vital shipping lane remains largely closed.

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