Iran Rejects US Ceasefire Terms; Trump Warns of Two More Weeks of Strikes
🔴 Tension RisingSeoul Economic Daily2026-05-11
President Trump warned of a possible two more weeks of strikes against Iran, raising concerns about an extended Strait of Hormuz blockade. Iran has proposed suspension of uranium enrichment, ending of the naval blockade, and lifting of the oil embargo as ceasefire conditions, but failed to narrow the gap with the US. The US-China summit is expected to cover a comprehensive agenda including trade, security, AI, and Iran mediation, potentially marking a turning point for resolving energy and geopolitical risks.