Trump refuses Iran’s demands flat-out

Monday, May 11 | By Cate Martel

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Iran lays out its demands

Iran lays out its demands

… and Trump flatly rejects them

… and Trump flatly rejects them

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Starting out the week with a full-throated ‘NOPE’:

Khaled Elfiqi, Associated Press file

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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Trump’s Xi meeting take 2:

President Trump will travel to Beijing later this week for a high-stakes meeting with Chinese President Xi Jinping.

If this is giving you deja vu, that’s because Trump was scheduled to go on this trip in early April, but it was postponed amid the war in Iran.

When was the last time Trump and Xi met?: In October in South Korea

Read more on what to expect: ‘Iran war may give China, Xi, some leverage on Trump at Beijing summit’

➤ CHINA AND THE US TEAMED UP:

Authorities from the U.S. and China reportedly arrested five suspects in a drug smuggling and trafficking operation. Three Americans and two Chinese nationals were reportedly arrested.

➤ WHAT IS TRUMP UP TO TODAY?:

The president hosted an event to promote his actions to advance maternal health. This includes........

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