US President Trump is reportedly sceptical of Iran’s Strait of Hormuz proposal, WSJ reports citing sources; says White House will continue to negotiate with Iran; White House expected to provide its response and counterproposals in the coming days

President Trump's skepticism regarding Iran's proposal for the Strait of Hormuz reflects concern over Iran's commitment to halting nuclear enrichment.

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US President Trump is reportedly sceptical of Iran’s Strait of Hormuz proposal, WSJ reports citing sources; says White House will continue to negotiate with Iran; White House expected to provide its response and counterproposals in the coming days

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[MARKET UPDATE] US equity futures open around flat (ES +3 points, NQ +5 points); T-Note futures U/C; WTI futures +USD 0.10/bbl; Spot XAU +USD 3/oz

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  • President Trump and his national security team are sceptical of Iran’s offer to open the Strait of Hormuz in exchange for tabling discussions on its nuclear work, according to US officials.
  • Trump discussed the offer with aides on Monday morning, expressing doubts about Iran’s good faith and its willingness to meet his key demand of ending nuclear enrichment and committing never to develop a nuclear weapon.
  • The US plans to continue negotiations with Iran, with the White House expected to provide its response and counterproposals in the coming days.
  • White House spokeswoman stated that the US will not negotiate through the press and that anything not announced by President Trump or the White House should be considered speculation.
Context

Continued negotiations could keep tensions high, influencing not just geopolitical stability but also impacting oil prices and safe-haven assets like gold. The market will likely watch for any forthcoming responses from the White House, as they may shape investor sentiment across various sectors.

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