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term economic woes as Trump calls Iran truce plan 'garbage'

May 12, 2026
Source: bostonglobe.com bostonglobe.com
News Snapshot:
JERUSALEM — Countries were bracing Monday for prolonged economic woes stemming from high energy prices after President Trump called the latest Iranian offer to end the war and reopen the Strait of Hormuz “garbage” and declared that the cease-fire was “on massive life support.”Trump, speaking to reporters in the Oval Office, reiterated that Iran could not be allowed to develop a nuclear weapon and likened the truce announced last month to a patient with a “1 percent chance” of survival.Iran’s state-owned broadcaster reported Monday that in its latest counterproposal delivered via Pakistani mediators, Iran had demanded that the United States...
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