US Rejects Iran Peace Proposal
Analysis based on 6 articles · First reported May 12, 2026 · Last updated May 12, 2026
The rejection of Iran's peace proposal by Donald Trump, representing the United States, has heightened geopolitical tensions, leading to increased Brent Crude prices and a significant downturn in Indian equity markets, as reflected by the S&P BSE Sensex and NIFTY 50. This uncertainty has also caused foreign institutional investors to offload equities, further impacting market confidence.
Equity benchmark indices, including the S&P BSE Sensex and NIFTY 50, tumbled in early trade on May 12, 2026, primarily due to rising Brent Crude oil prices and unabated foreign fund outflows. This market downturn is attributed to the ongoing West Asia conflict, specifically the United States-Iran conflict. Donald Trump, President of the United States, rejected Iran's peace proposal on May 11, 2026, stating the ceasefire was at its 'weakest' and on 'massive life support'. This rejection has intensified uncertainty surrounding the conflict's duration and outcome, subduing global market sentiment and increasing volatility across equities and commodities. Major Indian firms like Tata Consultancy Services, Infosys, Mahindra & Mahindra, HCLTech, Adani Ports & Special Economic Zone, and Bajaj Finserv were among the laggards, while Bharti Airtel and ITC Limited saw gains. Asian markets showed mixed reactions, with KOSPI and Shanghai Stock Exchange Composite Index trading lower, and Nikkei 225 and Hang Seng Index trading higher.
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