Iran sees US peace plan as ‘one-sided’ as Trump raises stakes with oil threat

A view of a residential building damaged by a strike, Tehran

It lacked the minimum requirements for success and served only U.S. and Israeli interests, the official said, while stressing that diplomacy had not ended despite the lack for now of a realistic plan for peace talks.
Trump described the Iranians as “great negotiators” but added that he was not sure he was “willing to make a deal with them to end the war”.
Iran ​has launched strikes against Israel, U.S. bases and Gulf states as well as effectively blocking Middle East fuel exports via the Strait of Hormuz since the U.S. and Israel attacked Iran ​on February 28.
“They now have the chance, that is Iran, to permanently abandon their nuclear ambitions and to join a new path forward,” Trump said ⁠during a Cabinet meeting at the White House.
“We’ll see if they want to do it. If they don’t, we’re their worst nightmare. In the meantime, we’ll just keep blowing them away.”
Oil jumped to $105 a barrel ​on Thursday and stock markets fell on renewed pessimism over ceasefire prospects as global plasticstechnologyretail and tourism struggled with the impact.

STRAIT OF HORMUZ A CRUCIAL ISSUE

Trump suggested on Thursday that Iran let 10 oil tankers transit the Strait ​of Hormuz as a goodwill gesture in negotiations, including some Pakistan-flagged vessels, elaborating on what he had described as a “present” from Iran.
The president, who is expected to send thousands of troops to the Middle East, driving expectations of a ground invasion, also said taking control of Iran’s oil was an option but gave no further details.
A note seen by Reuters on Tuesday to the United Nations from Iran said “non-hostile vessels” could transit the strait if they coordinated with Iranian authorities.
A Thai ​oil tanker has passed through the strait following diplomatic coordination with Iran, and Malaysia said its vessels were also being allowed to transit in a sign that restrictions were loosening for some countries. Iran ​would be receptive to any request from Spain related to the strait, its embassy in Madrid said, in the first such offer to an EU state.
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