Trump Calls Iran Counteroffer “Garbage” As US–Iran Talks Collapse And Oil Prices Hold Above $105

Trump Calls Iran Counteroffer “Garbage” as US–Iran Talks Collapse and Oil Prices Hold Above $105 Optimism over a potential diplomatic breakthrough between the United States and Iran has collapsed after President Donald Trump rejected Tehran’s latest counterproposal, describing it as “garbage,” amid rising tensions that have kept global oil markets on edge. The comments came during a White House briefing on Monday, where Trump sharply dismissed Iran’s response to a US peace framework, signalling a breakdown in efforts to ease the escalating conflict. The diplomatic push had shown tentative signs of progress after Washington proposed a framework aimed at de-escalating tensions and reopening limited channels for negotiation. However, according to reports, Iran’s counteroffer delivered through intermediaries was seen by US officials as falling short of core American demands, particularly on security guarantees and regional military activity. Trump told reporters that the Iranian response was unacceptable, saying: “It’s garbage.” His remarks effectively ended the optimism that had briefly supported expectations of a possible agreement. Despite the collapse in diplomatic momentum, global financial markets have shown limited immediate reaction, with crude oil prices holding steady above $105 per barrel. Analysts say traders have largely priced in continued instability, particularly due to uncertainty around the Strait of Hormuz and ongoing geopolitical risks in the region. A report from noted that while tensions have escalated politically, energy markets have remained relatively stable in the short term, reflecting expectations that supply disruptions are already factored into current pricing. The United States maintains that Iran must accept stricter conditions on regional security activity and nuclear-related concerns before any easing of pressure measures.Iran, however, has insisted that sanctions relief and recognition of its strategic interests must come first, creating a deadlock that has repeatedly stalled negotiations. Previous rounds of indirect talks, mediated through third countries, had raised hopes of a breakthrough, but both sides now appear entrenched in their positions. The diplomatic breakdown comes amid broader instability in the Middle East, where maritime security in the Strait of Hormuz remains a key flashpoint. Disruptions in the waterway have already contributed to volatility in global energy markets, with analysts warning that any escalation could trigger further price surges and supply chain disruptions. With both Washington and Tehran hardening their positions, prospects for a near-term agreement now appear uncertain. Diplomatic observers say the latest exchange underscores the fragility of negotiations and the risk of further escalation if political rhetoric continues to intensify. For now, global markets remain alert, balancing the possibility of renewed talks against the growing likelihood of prolonged geopolitical tension.