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Donald Trump has claimed that Iran is keen to strike a deal to end the ongoing conflict, even as Tehran publicly rejected a US-backed ceasefire proposal and put forward its own conditions.

Speaking at a political event, Trump asserted that negotiations were underway and suggested that Iranian leaders were willing to reach an agreement but were reluctant to acknowledge it openly due to internal pressures.

However, Iran’s foreign minister dismissed the claim, stating that no talks had taken place and that there were no immediate plans for negotiations. Tehran has instead outlined its own roadmap, which includes guarantees against future attacks, compensation for damages, an end to hostilities, and recognition of its authority over the strategically crucial Strait of Hormuz.

According to reports, the US proposal included sanctions relief, curbs on Iran’s nuclear and missile programmes, and reopening of the Strait—an essential global oil route.

Rising toll and escalating tensions

The conflict has led to significant casualties across the region, with over 1,500 deaths reported in Iran and heavy losses also recorded in Lebanon, Israel, and among US forces. Millions have been displaced as violence continues to spread.

In the United Arab Emirates, two people were killed and three injured after debris from a missile interception fell in Abu Dhabi.

Meanwhile, in Israel, emergency responders described scenes of devastation following a missile strike in Kfar Qasim, where several people were injured. Authorities have warned of further incoming missile attacks from Iran.

Market jitters amid uncertainty

Global markets reacted nervously to the uncertain outlook. Oil prices rose again, with Brent crude climbing to nearly USD 99 per barrel, while Asian stock markets largely declined.

Indices such as Japan’s Nikkei, South Korea’s Kospi, and Hong Kong’s Hang Seng all closed lower, reflecting investor concerns over prolonged instability and the lack of clarity on de-escalation.

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The situation remains fluid, with diplomatic signals mixed and both sides continuing military actions even as talk of a potential deal persists.