Iran responded to the US peace plan, saying it was completely unacceptable to Trump.

US President Trump called Iran’s latest response to the US peace proposal “completely unacceptable.”

On Sunday (May 10), Trump posted on the social media platform Truth Social: "I just saw the response from those so-called 'representatives' of Iran, and I am not satisfied—completely unacceptable."

Bloomberg reported that the dollar continued its gains against other major currencies after Trump made the remarks.

Iranian media reported earlier that day that Iran had formally submitted its response to the latest US proposal aimed at ending the war to Pakistani mediators .

Iran's Tasnim News Agency, citing sources, reported on the 10th that Iran, in its latest response, demanded that the U.S. Treasury Department's Office of Foreign Assets Control lift sanctions related to Iranian oil sales within 30 days.

The Wall Street Journal previously reported that Iran proposed transferring some of its highly enriched uranium stockpile to a third country, but refused to dismantle its nuclear facilities.

Iran's semi-official Tasnim News Agency called the Wall Street Journal's report "untrue," stating that Iran's proposals included an immediate end to the war, unfreezing Iranian assets, lifting the US naval blockade against Iran , guaranteeing no further attacks on Iran, and lifting sanctions against Iran, including the US ban on Iranian oil sales.

According to Reuters, citing Iranian state media, Iran's response focused on ending the war on all fronts, especially the war in Lebanon, and ensuring the safety of shipping in the Strait of Hormuz, but did not specify how or when this vital waterway would be reopened.

Trump had proposed that Iran allow ships to pass through the Strait of Hormuz, and Washington would lift its blockade of Iranian ports next month, followed by nuclear talks.

"Trump's rejection of Iran's latest peace plan led to a risk-averse sentiment in the market at the start of the week, reversing some of last week's price movements. This trend may continue into the morning trading session," said Jason Wang, a strategist at Bank of New Zealand.

Source: [Lianhe Zaobao] (https://www.zaobao.com/news/world/story20260511-9027708)