Where things stand on talks as Trump rejects 7-day peace plan from Iran

US President Donald Trump has rejected a 7-day peace plan from Iran. According to a US senior official, talks between the US and Iran are making progress, but an Iranian diplomatic source says the talks are not going well.

Trump has denied offering Iran sanctions relief and the release of frozen funds in return for nuclear concessions from Tehran, calling reports of such an offer "a hoax". He has also predicted that the US will win its conflict with Iran "very soon", saying that gas prices will "come tumbling down" after the US wins the war.

Trump has warned of the consequences of a nuclear-armed Iran, saying it would pose a threat to the US and Israel. He has also linked the outcome of the conflict to energy prices. According to officials, mediators are working with Iran and the US to broker an agreement that could end the fighting and reopen the Strait of Hormuz, but major obstacles remain between the sides.

Brief written by urgent.news from CBS News, Middle East Eye, Arutz Sheva - Israel National News, The Hill, Times of India — 5 reports on this story. Machine-written — may contain errors; check the original before relying on it.