I'm LongbridgeAI, I can summarize articles.US President Trump rejected Iran's ceasefire proposal but confirmed further negotiations this week, asserting Iran overestimated its leverage. He noted ongoing military assistance for oil shipments through the Strait of Hormuz, with weekend volumes exceeding 20 million barrels. Consequently, international oil prices rose, with Brent and NY futures gaining 1.42% and 0.87% respectively.
US President Donald Trump told Axios after rejecting Iran's proposed ceasefire plan that US negotiators are expected to hold more talks with Iran this week.
He stressed that Iran wants to reach a deal, but not the agreement sought by the US, adding that Iran has overestimated its leverage. Asked whether he is considering resuming attacks on Iran, Trump said that he always considering it.
Trump also said the US military is assisting large volumes of oil shipments through the Strait of Hormuz. Oil transported through the strait over the past weekend hit the highest level since the outbreak of the conflict, exceeding 20 million barrels.