Hopes dim for deal as Trump slams 'garbage' Iran proposal

Hopes for a peace deal between the United States and Iran have dimmed after Tehran rejected a US proposal aimed at ending the ongoing conflict. Iranian officials insisted on a broad set of demands, including an end to hostilities on all fronts—such as Lebanon, where Israel is engaged against Iran-backed Hezbollah militants—recognition of Iran's sovereignty over the Strait of Hormuz, compensation for war damages, and the lifting of the US naval blockade. US President Donald Trump dismissed Iran’s response as “garbage,” warning that the ceasefire, which began on April 7, was “on life support” and could collapse. The US had sought to secure a ceasefire before addressing more contentious issues like Iran’s nuclear program, but Tehran’s conditions have complicated negotiations. The ongoing conflict has severely disrupted shipping through the Strait of Hormuz, a critical chokepoint that previously handled about 20% of the world’s oil and liquefied natural gas exports. The strait’s near closure has forced oil producers to cut exports, contributing to a drop in OPEC output to its lowest level in over two decades. Brent crude prices have risen above $104 per barrel amid the uncertainty. In response to Iran’s actions, the US imposed new sanctions targeting individuals and companies allegedly assisting Iran in shipping oil to China, aiming to cut off funding for Tehran’s military and nuclear ambitions. Meanwhile, shipping data indicates a significant reduction in tanker traffic through the strait, with vessels turning off tracking systems to avoid potential Iranian attacks. Diplomatic efforts continue as President Trump prepares to meet Chinese President Xi Jinping in Beijing, where Iran is expected to be a key topic. Domestically, the war remains unpopular among American voters, who face rising fuel costs less than six months before crucial midterm elections. Surveys reveal that a majority of Americans, including many Republicans, believe President Trump has not clearly explained the reasons for the US involvement in the conflict, adding political pressure on the administration as tensions with Iran persist.