Iran Rejects Trump's 14-Point MOU, Fires Back With 10-Point Peace Proposal — Oil Spikes to $101
# Iran Rejects Trump's 14-Point MOU, Fires Back With 10-Point Peace Proposal — Oil Spikes to $101
> **Quick answer:** Iran formally rejected the US 14-point memorandum of understanding on Saturday evening May 9, 2026 — Day 70 of the conflict — and delivered a 10-point counter-proposal that preserves Iranian enrichment rights, shortens any moratorium window, and resequences sanctions relief before nuclear concessions. Brent crude jumped 1.20% to $101.26 and WTI rose 0.88% to $95.64 within minutes. Trump is expected to respond within 24 hours. The three irreconcilable sticking points: enrichment moratorium duration, Hormuz access rights, and who concedes first on sanctions.
The deal that looked imminent three days ago is now officially off the table — at least in its current form. Iran rejected Trump's 14-point MOU on Saturday evening May 9, 2026, and returned fire with a 10-point counter-proposal that Iranian officials say represents their final negotiating floor. Oil spiked. Rubio called Iran "dysfunctional." Trump warned that the consequences would be "a lot harder, a lot more violently" if a deal is not signed. Here is the complete breakdown of what collapsed, what Iran is demanding instead, and what the next 24 hours look like for markets.
## What Iran Rejected: The US 14-Point MOU
The US memorandum of understanding — a single-page framework document circulating through Pakistani intermediaries since late April — had 14 key demands. At its core:
- Iran halts all uranium enrichment for a minimum of 12 years (the US initially demanded 20 years; Iran had offered 5) - Iran's stockpile of 440 kg of 60%-enriched uranium is removed from Iranian soil - Iran lifts restrictions on Strait of Hormuz transit, effectively ending its leverage over 20% of the world's oil and gas supply - The US lifts its naval blockade on Iranian ports in response — but only after Iranian concessions are verified - A 30-day negotiation window opens for a comprehensive peace treaty, covering Lebanon, Gaza, and Yemen fronts - Iran pays no war reparations; the US pays none either