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Trump Rejects Iran Cease-Fire, Oil Jumps; Putin Offers Uranium Deal

5/11/2026

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Summary

Story summary

President Donald Trump rejected Iran’s response to a U.S. cease-fire proposal as unacceptable.
The rejection pushed oil prices up on Monday as markets feared war.
Since April 13 the U.S. Navy has turned back 61 vessels, disabled four and struck two Iranian tankers.
President Vladimir Putin says Moscow’s offer to take Iran’s 440 kg of 60 % enriched uranium remains on the table, according to the International Atomic Energy Agency (IAEA) report.

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Story summary

President Donald Trump rejected Iran’s response to a U.S. cease-fire proposal as unacceptable.
The rejection pushed oil prices up on Monday as markets feared war.
Since April 13 the U.S. Navy has turned back 61 vessels, disabled four and struck two Iranian tankers.
President Vladimir Putin says Moscow’s offer to take Iran’s 440 kg of 60 % enriched uranium remains on the table, according to the International Atomic Energy Agency (IAEA) report.