What to know
- Iran’s foreign minister today defended his country’s counterproposal for a framework to end the war, saying that “the only thing we demanded was Iran’s legitimate rights.” President Donald Trump over the weekend dismissed the proposal as “totally unacceptable.”
- Oil prices rose today in response to the weekend’s uncertainty over U.S.-Iranian negotiations on a peace plan. Meanwhile, gas prices are hovering at $4.52 per gallon ahead of the Memorial Day weekend.
- Trump leaves for China this week to meet with President Xi Jinping for a summit that had been delayed earlier this year because of the Iran war. Trump is expected to ask the Chinese leader to press Iran to accept U.S. demands for a peace deal.