Trump Turns Down Iran Ceasefire as Crude Hits $100 Amid Hormuz Blockade

TLDR President Trump dismisses Iran’s ceasefire proposal, stating current conditions are inadequate Kharg Island oil terminal targeted by U.S. forces; Trump claims facility was destroyed Crude prices hover around $100/barrel with Strait of Hormuz blockade continuing International coalition requested including China, France, Japan, South Korea, and UK for strait reopening Saudi Arabia intercepts drones near capital while Qatar suspends LNG operations President Trump announced Saturday that he remains unwilling to halt military operations against Iran, despite indications from Tehran suggesting interest in a ceasefire agreement. In remarks to NBC News, the president stated “the terms aren’t good enough yet” while refusing to detail specific requirements. He acknowledged that Iran’s complete dismantlement of its nuclear program would be a prerequisite for any agreement. *TRUMP REJECTS EFFORTS FOR IRAN CEASEFIRE TALKS; TEHRAN RULES OUT TRUCE – REUTERS pic.twitter.com/TqV8Pd98Lc — Investing.com (@Investingcom) March 14, 2026 The military confrontation has entered its third week following coordinated U.S.-Israeli operations against Iranian targets earlier this month. Regional casualties have reached approximately 3,750 people. American military losses include thirteen service members, with six additional fatalities from a refueling aircraft that went down in Iraq on Friday. According to Trump, American forces targeted Kharg Island on Saturday, which serves as Iran’s primary oil export facility. The president claimed the installation was “totally demolished,” though he noted deliberate efforts to preserve certain oil infrastructure to prevent extended reconstruction challenges. He suggested additional strikes on the location remain possible. The Strait of Hormuz continues its effective closure. Iranian forces have utilized naval mines and unmanned aerial vehicles against commercial vessels, impacting at least 16 ships. Major petroleum-producing nations including Saudi A...