Netanyahu: The war with Iran “is not over,” Trump rejects Iran’s latest proposal, oil prices rebound

Israeli Prime Minister Benjamin Netanyahu said in a CBS “60 Minutes” interview on May 10 that the war with Iran “is not over yet,” and that the United States and Israel still need to end Tehran’s nuclear ambitions. The same day, Trump on Truth Social rejected Iran’s latest peace proposal, calling it “TOTALLY UNACCEPTABLE!” CNBC compiled details: Iran did not agree to the U.S. demands on its nuclear program and stockpiles of highly enriched uranium; instead, it proposed opening separate nuclear negotiations, diluting some uranium, and sending the rest to a third country for custody. Iran agreed to suspend uranium enrichment, but the timeline was shorter than the U.S.-proposed 20-year ban, and it also refused to dismantle nuclear facilities. Oil prices rebounded at Monday’s open.

Netanyahu: remaining nuclear materials, enrichment facilities, proxy forces, ballistic missiles

Netanyahu listed specific reasons in the interview why the war is “not over yet”:

Nuclear materials and enriched uranium still exist in Iran and must be removed

Enrichment facilities must be dismantled

Proxy forces supported by Iran (including Hezbollah in Lebanon, Houthi forces in Yemen, etc.) must be dealt with

Iran’s ballistic missile program must be included in subsequent negotiations

Netanyahu’s list represents Israel’s minimum standard for “ending the war—” a ceasefire alone is not enough; structural threats (nuclear weapons capability, proxies, and long-range weapons) must be addressed together. This position is not fully consistent with the Trump administration’s earlier proposal of “pausing nuclear talks plus lifting sanctions.”

Iran’s counterproposal: dilute some uranium, send the rest to a third country, refuse to dismantle facilities

The counterproposal Iran sent over the weekend includes:

Agree to suspend enrichment activity, but for a period shorter than 20 years

For existing stockpiles of highly enriched uranium: partially dilute, and send the rest to a third country for custody (not to the U.S.)

Reject dismantling nuclear facilities—only agree to suspend operations

Request separate “separate nuclear issue” negotiations

The core of Iran’s counterproposal is to “preserve room for sovereignty”—it does not accept the U.S. demand for full dismantlement and instead proposes a compromise. Trump rejected it by saying it was “totally unacceptable,” indicating that there is still a substantive gap between the two sides on nuclear issues.

Market reaction: oil prices rebound, Asian stocks sensitive to war risk

The market effects of this diplomatic deadlock:

Oil prices rebounded at Monday’s open, with both Brent and West Texas Intermediate rising in parallel

South Korea’s KOSPI opened up +3.67% to a new high (lifted by semiconductor stocks, with Iran risk not crushing the broader rally)

Japan’s Nikkei 225 +0.81%, Australia’s ASX 200 -0.71%, mixed performance

Ongoing peace talks coordinated through Pakistan continue, but no timeline is set

Specific follow-up events to watch: Iran’s next round of response to Trump’s “unacceptable,” whether the Trump administration proposes revised terms or threatens to resume military action, and whether shipping in the Strait of Hormuz faces renewed disruption. This case is the latest link in the chain: abmedia 5/6 Trump’s remarks on Iran, 5/8 U.S.-Iran clashes, and 5/9 the latest U.S. sanctions on Middle East and China-linked entities that helped Iran, with the ceasefire structure continuing to come under pressure.

This article Netanyahu: “The war with Iran is not over,” Trump rejects Iran’s latest proposal, and oil prices rebound was first published on Chain News ABMedia.