Trump rejects Iran's latest peace proposal as standoff continues to escalate costs

President Trump rejected Iran's latest peace proposal on Friday, the 60th day since he notified Congress about the Iran war that began February 28, 2026, while maintaining that a ceasefire since April 7 pauses the War Powers Resolution's deadline requiring congressional authorization. Trump insists Iran must agree not to pursue nuclear weapons before any deal, while Iran's offer attempted to defer nuclear discussions. The conflict has reduced Persian Gulf shipping by 90% and doubled humanitarian aid costs, with UNHCR transport expenses rising from $927,000 to $1.87 million for some routes. The U.S. announced new sanctions on Chinese entities importing Iranian oil, while Lebanon reported 2,618 killed by Israeli attacks since March 2 and Spain and Brazil accused Israel of kidnapping their citizens during a Gaza aid flotilla interception.

War Powers Resolution and the 60-day deadline dispute

• ▪The Trump administration's position is that the 60-day War Powers Resolution clock isn't ticking because the U.S. and Iran have been in a ceasefire since early April

Economic and humanitarian impacts of the conflict

• ▪Shipping traffic in and out of the Persian Gulf has been reduced by 90% according to the U.K. navy