US, Iran Wrangle Over Terms of Deal to End War And Reopen Hormuz

On 11 May 2026, Trump called Iran's response to a US proposal to end the war 'totally unacceptable' and said the ceasefire was on 'life support'. Iran said the US was making 'unreasonable' demands and that it was ready for any aggression, and Tehran warned of new attacks. Oil prices rose as the Strait of Hormuz remained closed, and the dollar gained. Pakistan said it would continue mediating, with no immediate danger of renewed war.

Netanyahu said the war is not over, and NDTV reported that Iran made a 'third country' offer on its uranium stockpile. Trump was also heading to China, with Musk, Apple's Cook and the Boeing chief executive joining him.