Iran stated that Trump did not accept the proposal under which Tehran was ready to open the Strait of Hormuz, lift the naval blockade, and postpone nuclear talks for later.
According to sources, the plan was based on a simple scenario: first stop the conflict and resolve shipping security, and only then return to the nuclear issue.
Almost a month has passed since the US and Israel stopped airstrikes, but the situation has essentially not changed. The conflict has not gone away, and energy supplies have already dropped noticeably.
Iran Postpones Nuclear Talks to Final Stage After Trump Rejects New Proposal
On Friday, Donald Trump said directly that Tehran’s proposal did not suit him. He did not go into details, limiting himself to a brief comment to the press at the White House:
“They are demanding things I cannot agree to.”
Before flying to Florida, he told CNN that the proposed option did not suit him.
Later, already in West Palm Beach, Trump spoke more harshly and even questioned whether the US needed a deal with Iran at all. There he also criticized the law requiring Congress approval to use force, calling it completely unconstitutional.
At the same time, in a letter to Congress he wrote that hostilities with Iran were already over.
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In Washington they are sticking to a tough line: there will be no end to the conflict until Iran is prevented from creating nuclear weapons. Trump explained the February strikes by this as well, which came right during the negotiations. In Tehran, in turn, they continue to insist that their program is peaceful.
A source in the Iranian authorities, speaking on condition of anonymity, said that Tehran deliberately postponed the nuclear issue.
The logic of the plan was simple: first confirm the end of the conflict and get guarantees that there would be no new strikes. In exchange, Iran was ready to open the Strait of Hormuz, and the US — to lift the blockade.
Only after that did the parties want to return to negotiations on the nuclear program. The discussion was about restrictions in exchange for easing sanctions. At the same time, Tehran still insists on its right to enrich uranium for peaceful purposes, even if the work is temporarily suspended.
As the source explained, this approach was supposed to make negotiations easier: first reduce tensions, and only then move on to the most difficult issues.
Traffic Through Hormuz Has Nearly Stopped, and the Oil Market Remains Under Pressure
The situation in the energy market of the Persian Gulf continues to worsen. Oil and gas reserves are gradually depleting, and the industry is already openly saying that the main problems are still ahead.
According to Kpler, the scale of the decline is severe: if before the conflict about 20 million barrels per day passed through the market, in April it was about 1 million after the closure of the Strait of Hormuz.
According to their estimates, recovery may not begin before June. But now the market looks distorted and essentially relies on remaining reserves and reduced demand.
Simply put, there is currently no talk of stability for oil, inflation, or the crypto market.
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The margin of safety is rapidly melting. According to the US Energy Information Administration, as of April 24, gasoline reserves fell to 222 million barrels, the lowest for this time of year in more than ten years.
Shipping through Hormuz has also almost stopped. According to Kpler and tracking services, very few ships are currently passing through the strait.
The British Navy estimates traffic has dropped by about 90% since the conflict began. Now it is fewer than 10 ships per day. At the same time, about 20,000 sailors remain effectively trapped on ships in the region.
Against this backdrop, Israel announced an urgent evacuation for part of southern Lebanon, despite the fragile truce. According to the local Ministry of Health, at least nine people were killed in strikes on Friday.
Meanwhile, in NATO they are trying to figure out the decision of the US to withdraw about 5,000 troops from Germany. In Berlin they say that such a step was expected.
And one more signal about sentiment: according to a survey by Washington Post, ABC News, and Ipsos, six out of ten Americans believe that the use of force against Iran was a mistake.
