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Trump calls Iran proposal garbage as ceasefire hits life support and oil market shudders
International
Published on 14 May 2026
Trump barely read Iran’s reply, then slammed it
Peace deal hopes with Iran dimmed after Donald Trump said any ceasefire is “on life support,” following Tehran’s rejection of a U.S. proposal. Iran’s negotiating list included halting fighting across fronts such as Lebanon, demanding compensation for damage, and ending a U.S. naval blockade—terms Trump dismissed as “garbage.” With the Strait of Hormuz effectively near-closed, shipping has slowed to a trickle, exports are curtailed, and Brent crude climbed above $104.50, intensifying global economic pressure.
- Trump said the ceasefire is “on life support” after Iran rejected the U.S. plan
- Iran demanded an end to war on all fronts plus compensation and blockade removal
- Trump dismissed Iran’s response as “garbage” and said he didn’t finish reading it
- Brent crude rose above $104.50 as Strait of Hormuz shipping slowed
- A Reuters survey says OPEC output in April fell to the lowest in over two decades
- The U.S. imposed new sanctions on entities allegedly helping Iran ship oil to China
Read the full story at The Economic Times
This summarization was done by Beige for a story published on 
The Economic Times