The Dow Jones (DJIA) is set to open the trading week slightly in the red after President Trump turned down Iran’s latest proposal to end the war. Iran submitted the plan over the weekend and called for a gradual reopening of the Strait of Hormuz and a 30-day window to negotiate its nuclear program.
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New trading tool for QQQ bulls“I have just read the response from Iran’s so-called ‘Representatives.’ I don’t like it — TOTALLY UNACCEPTABLE!” Trump said in a Truth Social post.
Uranium Dispute Continues To Stall Talks
Furthermore, Iran’s proposal included a promise to dilute its enriched uranium while sending the rest to another country. Tehran also sought assurances that the uranium would be returned if negotiations collapsed. The U.S. had previously called for a 20-year moratorium on Iran’s uranium enrichment, but Iran pushed for a shorter timeline and refused to dismantle its nuclear facilities.
The future of Iran’s nuclear program remains a key sticking point between the two sides as the war drags into its 10th week.