Trump Rejects Iran Peace Terms
Analysis based on 9 articles · First reported May 11, 2026 · Last updated May 11, 2026
The rejection of Iran's peace terms by Donald Trump has significantly increased geopolitical risk, leading to a surge in oil prices for Brent Crude and West Texas Intermediate due to potential disruptions in the Strait of Hormuz. Stock markets, such as the Nikkei 225 and Hang Seng Index, showed mixed reactions, reflecting broader uncertainty, while the KOSPI was boosted by tech stocks.
US President Donald Trump rejected Iran's peace terms for ending the war in the Middle East, stating Iran's response was 'TOTALLY UNACCEPTABLE!' This repudiation has heightened the likelihood of further violence and disruptions to oil supplies through the Strait of Hormuz. Iranian President Masoud Pezeshkian affirmed Iran's resolve, stating they would 'never bow down to the enemy.' This ongoing geopolitical tension has caused oil prices, including Brent Crude and West Texas Intermediate, to rise significantly. Meanwhile, US Treasury Secretary Scott Bessent is on a diplomatic tour to Japan, South Korea, and China, where he will meet with leaders like Xi Jinping and Sanae Takaichi to discuss economic security and trade, against the backdrop of these escalating tensions. Separately, Nintendo's shares plunged after a profit warning and console price hike, an unrelated market event.
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