President Trump has accused Iran of “begging” to sign a peace deal while at the same time communicating to the media that they aren’t interested in the 15-point ceasefire proposal provided to them by the U.S.
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Trade QQQ with leverage“They better get serious soon, before it is too late, because once that happens, there is NO TURNING BACK, and it won’t be pretty!” Trump said in a Truth Social post on Thursday.
Oil Rises as Ceasefire Negotiations Stall
A senior Iranian official told Reuters that the U.S. proposal is “one-sided and unfair.” The terms of the plan include the reopening of the Strait of Hormuz, an end to Iran’s nuclear weapons program, and permanently shutting down the Fordow, Isfahan, and Natanz nuclear facilities.
Oil prices are once again rising as negotiations show little progress. Brent crude futures (BZ), the international benchmark for oil, are up over 5% at the time of writing, while prices at the pump have surged 33% to $3.98 per gallon since the start of the conflict on February 28.