Trump Rejects Ceasefire Talks on Iran War, Oil Prices Surge

by Marcus Liu - Business Editor
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Trump Rejects Iran Ceasefire as War Enters Third Week

WASHINGTON/DUBAI/TEL AVIV, March 14 (Reuters) – President Donald Trump’s administration has rejected efforts by Middle Eastern allies to initiate diplomatic negotiations aimed at ending the ongoing war with Iran, which began two weeks ago with a large-scale U.S.-Israeli air assault. Iran, in turn, has dismissed the possibility of a ceasefire unless U.S. And Israeli strikes cease, according to sources familiar with the diplomatic efforts.

Stalemate in Diplomatic Efforts

The lack of engagement from both Washington and Tehran suggests a deepening commitment to an extended conflict, despite escalating civilian casualties and significant disruption to global oil supplies. U.S. Strikes on Iran’s Kharg Island, a critical oil export hub, on Friday night highlighted Trump’s resolve to continue the military offensive. Iran’s Supreme Leader Mojtaba Khamenei has vowed to maintain the closure of the Strait of Hormuz and threatened increased attacks on neighboring countries.

The conflict has resulted in over 2,000 deaths, primarily in Iran, and has caused a major oil supply disruption due to halted maritime traffic in the Strait of Hormuz, a vital waterway for approximately 20% of the world’s oil transportation.

Oman and Egypt’s Mediation Attempts

Oman, which previously mediated talks between the parties, has repeatedly attempted to establish communication, but the White House has indicated it is not interested in negotiations. A senior White House official confirmed Trump’s rejection of these efforts, stating a continued focus on weakening Tehran’s military capabilities. “He’s not interested in that right now, and we’re going to continue with the mission unabated. Maybe there’s a day, but not right now,” the official said.

Trump previously stated on his Truth Social platform that Iranian leadership and military forces were weakened to the point of seeking talks, but declared “Too Late!” His history of shifting foreign policy positions introduces uncertainty regarding potential future diplomatic initiatives.

Egypt, too involved in prior mediation efforts, has similarly attempted to reopen communication channels, though without apparent progress. These efforts have reportedly secured some restraint from neighboring countries targeted by Iran.

Hardening Positions and Internal U.S. Debate

Iran has demanded a permanent conclude to U.S. And Israeli attacks and compensation as preconditions for any ceasefire. A senior Iranian source stated, “Whatever was communicated previously through the diplomatic channels is irrelevant now.” The source emphasized the Islamic Revolutionary Guard Corps’ determination to maintain control over the Strait of Hormuz, viewing it as crucial to Iran’s war effort, and asserted that no ceasefire talks or diplomatic efforts would be considered.

Within the U.S., a debate is unfolding regarding the war’s duration. Some officials and advisors caution that rising gasoline prices could negatively impact the Republican Party in upcoming midterm elections. Others advocate for maintaining the offensive to dismantle Iran’s missile program and prevent nuclear weapon development.

Impact on Global Oil Markets

The war’s impact on global oil markets has significantly increased costs for the United States. The closure of the Strait of Hormuz is a major factor driving up prices and creating economic uncertainty.

As of March 14, 2026, the Trump administration shows no indication of altering its course, signaling a potentially prolonged conflict with significant geopolitical and economic ramifications.

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