Trump rejects Iran plan, says Tehran 'hasn't paid enough price'

President Donald Trump said he will soon review a new plan Tehran sent to Washington but expressed skepticism the proposal could be acceptable, arguing Iran “has not yet paid a big enough price” for actions over the past 47 years.

The comment came on Truth Social and was followed by brief remarks to reporters in West Palm Beach; Iranian semi-official outlets Tasnim and Fars reported that Tehran dispatched a 14-point response via Pakistan, signaling that diplomatic channels remain active even as mistrust persists.

Markets reacted to the news through shifts in commodity pricing: oil benchmarks and precious metals showed short-term volatility as traders weighed prospects for de-escalation versus renewed pressure on Middle East supply routes. Observers note that any meaningful progress in talks tends to ease crude prices, while breakdowns or threats to maritime transit can lift them.

The episode underscores the wider energy-security implications: disruptions in the Strait of Hormuz or broader export blockades would amplify global supply risk and feed into inflation dynamics. Investors and policymakers are therefore treating the diplomatic exchange as an economic signal as much as a political one.

Analysts say near-term market direction depends on the details of the proposal and the U.S. response; a credibly negotiated settlement could relieve energy risk premia, while rejection or renewed hostilities would likely push oil and safe-haven assets higher. Market participants will monitor official statements and on-the-ground developments to reassess positioning.