Iran's peace proposal falls flat as Trump prepares for China summit

This material may not be published, broadcast, rewritten, or redistributed. ©2026 FOX News Network, LLC. All rights reserved. Quotes displayed in real-time or delayed by at least 15 minutes. Market data provided by Factset. Powered and implemented by FactSet Digital Solutions. Legal Statement. Mutual Fund and ETF data provided by LSEG. President Donald Trump says Iran's latest peace proposal is "totally unacceptable." The plan would have seen the U.S. release Tehran's frozen assets and end the ongoing blockade on Iranian ports. The U.S. says Iran's latest peace proposal did not include provisions limiting the nation's nuclear program. The Iranian Foreign Ministry demanded that the U.S. release Tehran's frozen assets and end the naval blockade. Israeli Prime Minister Benjamin Netanyahu warned on Sunday that the conflict is "not over" until Iran’s enriched uranium is removed and its nuclear enrichment sites are fully dismantled. A U.S. report states that recent drone activity over Gulf states is sourced back to Iran. Officials say Iran is likely seeking to keep oil prices high amid negotiations. President Donald Trump said Monday he is increasingly leaning toward resuming military op