North America

Trump rejects Iran's latest counteroffer, says war is not yet over

U.S. President Donald Trump rejected Iran's latest counteroffer to end the war, telling reporters "I don't like it." Israeli Prime Minister Benjamin Netanyahu said the conflict is "not over." Tehran continues to demand the lifting of sanctions in any deal.

Oil tanker crossing the Strait of Hormuz — Photo: Oleksiy Yeshtokyn,🌻🇺🇦🌻 / Pexels

CNBC Top NewsMay 10, 2026 at 11:33 PM1 h agoBZ=F CL=F

ShareX WhatsApp Telegram LinkedIn

U.S. President Donald Trump publicly rejected Iran's latest proposal to end the conflict. Speaking briefly to reporters, Trump said "I don't like it," suggesting the terms on offer were unacceptable, according to CNBC.

Israeli Prime Minister Benjamin Netanyahu reinforced the line in a parallel statement, telling reporters the war is "not over" and signalling that military pressure on Tehran would continue. Iran's semi-official Tasnim news agency reported that Tehran is conditioning any deal on the lifting of sanctions and a halt to hostilities.

Now entering its second month, the conflict continues to keep global oil and natural gas prices elevated. A tanker crossed the Strait of Hormuz as both sides kept diplomatic channels open, though officials on both sides said a concrete agreement remains some distance away.

Geopolitics Energy Commodities BZ=F CL=FNorth AmericaCNBC Top News

Source: CNBC Top News

ShareX WhatsApp Telegram LinkedIn

This article is an AI-curated summary of the original story published by CNBC Top News. The illustration is a stock photo by Oleksiy Yeshtokyn,🌻🇺🇦🌻 from Pexels and is not from the original story.

More from North America

Trading floor at the New York Stock Exchange

North America

Wall Street's new bet: the 'NACHO' trade on higher oil and sticky inflation

With the Iran war grinding on, Wall Street has adopted a new strategy betting on elevated oil prices and stickier inflation. Dubbed the "NACHO" trade, it favours energy, defence and commodity stocks. The shift is also pushing back market expectations for Federal Reserve rate cuts.

MarketWatch Top Stories1 h agoSPY XLE GLD

Facade of a neoclassical stock exchange building on Wall Street in daylight

North America

SEC Delays Prediction-Market ETFs, Echoing the Long Bitcoin Fund Battle

The US Securities and Exchange Commission has delayed the trading launch of the first exchange-traded funds tied to prediction markets. The decision echoes the multi-year fight over spot bitcoin ETFs and highlights how slowly new asset classes win regulatory approval in the United States.

CNBC Top News3 h ago

US e-commerce sector visual related to GameStop's eBay takeover bid

North America

GameStop makes $55.5bn takeover offer for eBay

GameStop CEO Ryan Cohen announced a $55.5 billion takeover offer for eBay, seeing potential to make it a much bigger rival to Amazon.

BBC Business5 d agoGME EBAY