Just as the market closed. Trumpnomics 🥱
🇺🇸🇮🇷BREAKING: Trump has rejected Iran's 7-day ceasefire proposal and expects to resume bombing after the midterms, per WSJ.
He has privately told aides he sees a renewed bombing campaign as likely, according to US officials.
Iran had offered to reopen the Strait of Hormuz and start nuclear talks if the US lifted its blockade, unfroze some assets and lifted oil sanctions.
The US has told mediators Trump has no intention of lifting the blockade, betting economic pressure will force a deal.
Officials say his view could still change, and talks through mediators are continuing.