Trump Rejects Iran Peace Proposal as U.S.-Iran Conflict Approaches Day 64
President Trump has rejected Iran's latest peace proposal, maintaining that its demands include terms he 'can't agree to.' The U.S. continues its naval blockade of Iranian ports as the ongoing conflict, which has put the Pentagon at about $25 billion in costs, enters its third month without clear resolution.
Trump Rejects Iran Proposal
US President Donald Trump says the latest Iranian peace proposal includes demands he 'can't agree to'. Trump told top US lawmakers that hostilities in Iran had ended, after coming under pressure from Congress to seek authorisation for the conflict as it headed into its third month.
Escalating Economic Sanctions
The US Treasury Department slapped new sanctions on three Iranian foreign currency exchange firms to try to stem the flow of Tehran's "financial lifelines".
Naval Posture Changes
The USS Gerald R Ford left the Middle East after taking part in operations against Iran, a US official said. However, two other aircraft carriers – the USS Abraham Lincoln and USS George HW Bush – are among 20 US ships still in the region.
Pentagon Costs
Pentagon officials put a price tag on the conflict so far: $25 billion.