Trump Rejects Iran Ceasefire Offer, Calls Truce on Life Support

Global energy markets and shipping lanes face renewed strain as the two-month-old ceasefire between the United States and Iran shows signs of collapse. President Donald Trump on Monday dismissed Tehran’s latest counterproposal as unacceptable, declaring the truce “on massive life support” while the conflict entered its 74th day.

The central impasse centers on core demands that remain far apart. Trump has insisted Iran must permanently forgo nuclear weapons and hand over its enriched uranium stockpile. Iranian officials have countered with calls for an end to the U.S. naval blockade, sanctions relief, compensation for war damage, and explicit recognition of their sovereignty over the Strait of Hormuz, through which roughly one-fifth of the world’s oil and liquefied natural gas transits. Trump told reporters he had reviewed the Iranian document only briefly before rejecting it, stating the other side had repeatedly changed positions in past rounds.

Tensions have escalated on multiple fronts. The Islamic Revolutionary Guard Corps has expanded its declared exclusion zone in the Strait of Hormuz, while the United States has imposed fresh sanctions on networks accused of facilitating Iranian oil sales to China. Oil prices rose nearly 2 percent on Tuesday, with Brent crude reaching $106.21 a barrel, reflecting trader concerns that a breakdown could cut supplies further. Defense Secretary Pete Hegseth is scheduled to face questions on these developments during congressional budget hearings this week.

China’s role adds another layer. President Trump is traveling to Beijing for a summit with Xi Jinping, where the two leaders are expected to discuss trade, rare-earth minerals, and the Iran conflict. Beijing has purchased the large majority of Iran’s oil exports and has urged both sides to avoid renewed fighting, yet U.S. officials have accused Chinese firms of supplying dual-use components that support Iranian missile programs.

Analysts note that each side believes it holds leverage. Washington points to military damage inflicted on Iranian facilities and the economic pressure of the blockade. Tehran emphasizes its ability to threaten shipping and its remaining missile and drone inventories. The result is a diplomatic stalemate in which neither party has blinked first.