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Iran says cease-fire proposal 'generous and responsible' after Trump's refusal
May 11, 2026
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Oil climbed nearly 3 percent as President Donald Trump called Iran's response to a U.S. peace proposal 'totally unacceptable,' stalling talks aimed at reopening the Strait of Hormuz. Tehran insists its offer is 'generous and responsible' and demands an end to the U.S. blockade and sanctions

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