Iranian President Masoud Pajhwok said in a message posted on social media on Sunday, ”We never bow to the enemy, and if there is talk of talks or dialogue, it does not mean surrender or retreat.”
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Oil prices rose in Asian markets on Monday after US President Donald Trump rejected Iran's terms to end the war in the Middle East. The president's rejection of Iran's response to his latest peace proposal raised the possibility of more violence in the Strait of Hormuz and disruptions to oil supplies.
President Trump, who is scheduled to visit China this week, is likely to focus his visit on efforts to end the Iran war. "I just read the response of the so-called 'representatives' of Iran. I don't like it. It is completely unacceptable," he said.
Iranian President Masoud Pjesekian said in a message on social media on Sunday, "We will never bow to the enemy and if there is talk or dialogue, it should not mean surrender or retreat."
'US President Trump's immediate rejection of these proposals reflects the widening gap between the two sides and suggests that it risks long-term uncertainty rather than reducing tensions rapidly,' said Lloyd Chan of Japanese bank MUFG.
Meanwhile, US Treasury Secretary Scott Besant is scheduled to visit Japan and South Korea before heading to China to prepare for a high-level summit with President Xi Jinping.
In Japan, Besant is set to meet Prime Minister Sane Takaichi on Tuesday. Tokyo has recently reported market intervention to support the yen. In Seoul, he said he would meet Chinese Vice Premier He Lifeng.
"Economic security is national security," Besant wrote on social media. Washington and Beijing imposed sweeping tariffs on each other's exports a year ago, while Trump and Xi agreed in October to a year-long trade truce in South Korea.
