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Trump Rejects Iran Peace Plan as Strait of Hormuz Blockade Persists

Freightwatch Reporter

Freightwatch.news

·

Tuesday, May 12, 2026

President Trump dismissed Iran's counterproposal to resolve a 10-week Middle Eastern conflict, declaring it "totally unacceptable" in a social media statement Sunday. Tehran responded with defiance, with Iranian President Masoud Pezeshkian stating the nation would "never bow our heads before the enemy." Iranian officials demanded war reparations, full control of the Strait of Hormuz, sanctions relief, and release of frozen assets as conditions for peace. Mohammad Akraminia warned of "surprising options" if adversaries committed another "miscalculation." Israeli Prime Minister Benjamin Netanyahu said the war was not over because there was "more work to be done," citing Iran's continued uranium enrichment, intact nuclear sites, regional proxy support, and ballistic missile advancement. The stalled negotiations threaten to extend the closure of the critical Hormuz waterway, which has already disrupted global energy supplies. A Trump-Xi Jinping summit looms amid the unresolved impasse.

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