WASHINGTON — Donald Trump has rejected Iran’s latest proposal to end the ongoing conflict, a US official said, dimming prospects for near-term peace as disruptions to global oil flows intensify.
The proposal from Iran seeks to delay negotiations on its nuclear programme until after a ceasefire and the resolution of maritime disputes in the Gulf. Washington, however, insists nuclear issues must be addressed from the outset, a key sticking point that has stalled diplomatic progress.
The deadlock comes as traffic through the Strait of Hormuz — a vital artery for global energy supplies — has dropped sharply, raising concerns over supply constraints and price volatility.
Talks stall as positions harden
The White House said it would not negotiate publicly and reiterated that its conditions remain unchanged. The conflict, now in its second month, has escalated tensions across the region and complicated efforts to reopen dialogue.
A planned visit by US envoy Steve Witkoff and adviser Jared Kushner to Islamabad was cancelled, even as Iran’s foreign minister Abbas Araqchi continued diplomatic outreach, including a visit to Russia where he met Vladimir Putin.
Iranian officials have outlined a phased approach to negotiations, beginning with a ceasefire and guarantees against renewed military action, followed by resolving maritime restrictions and reopening the Strait of Hormuz. Only then would talks expand to include nuclear issues.
Oil supply strain deepens
Market attention has shifted from political rhetoric to physical supply disruptions. Analysts say reduced tanker movement through the Gulf is now the primary concern for global markets.
Shipping data shows a steep drop in vessel traffic through the Strait of Hormuz, with several Iranian oil shipments reportedly forced to turn back amid US enforcement measures. Iran has condemned the actions as unlawful interference in international waters.
Before the conflict, more than 100 ships transited the strait daily. Recent data indicates only a handful of vessels making the passage, with none carrying oil for global markets — underscoring the scale of disruption.
Pressure builds on Washington
The prolonged conflict has also increased domestic pressure in the United States, where public support has shown signs of strain. Iranian officials argue Washington has yet to achieve its objectives and is now seeking negotiations from a weaker position.
Despite ongoing diplomatic contacts, both sides remain divided over sequencing — particularly on nuclear negotiations and maritime access — leaving the path to de-escalation uncertain.
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