Kotova Yuliya

Yuliya Kotova

Photo: noamgalai / Shutterstock.com

Photo: noamgalai / Shutterstock.com

US President Donald Trump has called Tehran's response to a proposal to end the war "totally unacceptable".

"I just read the response from the so-called representatives of Iran," Trump wrote on Truth Social on May 10. - I don't like it."

What Iran is offering

Iran earlier sent a multi-page document outlining its own terms for a settlement through the mediator, Pakistan, to Washington. In the document, Tehran proposed to stop hostilities and gradually open the Strait of Hormuz to commercial shipping as the United States lifts its blockade of Iranian ships and ports, The Wall Street Journal reported, citing sources.

Nuclear issues, according to the newspaper's sources, are scheduled to be discussed over the next 30 days. Iran has offered to dilute some of its highly enriched uranium and transfer the rest to a third country, while demanding guarantees of return in case the talks fail or Washington withdraws from the deal at a later stage, WSJ sources said.

Iran has expressed willingness to suspend uranium enrichment for a period much shorter than the 20 years proposed by the US, but has completely ruled out dismantling nuclear facilities, the sources added. Trump has previously said repeatedly that Iran should not be allowed to possess nuclear weapons, and only last week said Tehran had already agreed to curtail its nuclear ambitions.

Iran's semi-official Tasnim news agency said the WSJ's data was "not true."

How investors reacted

After Trump's comments, the U.S. dollar continued to strengthen against other major currencies, Bloomberg notes. Trading in stock, bond and commodity futures will resume after the weekend at 6 p.m. New York time.

This article was AI-translated and verified by a human editor

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