Iran laid out its demands to the U.S.’s latest peace proposal over the weekend, but President Trump has already rejected it, calling it “TOTALLY UNACCEPTABLE.”
What are Iran’s demands?: Iran reportedly demanded war reparations, Iranian sovereignty over the Strait of Hormuz, U.S. sanctions ending and the return of frozen assets, according to The New York Times.
A major point of contention: Iran wants to separate nuclear talks from the negotiations over the Strait of Hormuz. However, the Trump administration wants nuclear commitments from Iran up front.
How the market reacted: Oil prices rose and the market sank.
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