President Donald Trump said that Iran's new leadership has reportedly reached out to the United States seeking a ceasefire. "Iran's New Regime President, much less Radicalized and far more intelligent than his predecessors, has just asked the United States of America for a CEASEFIRE!" the President posted on social media Wednesday morning.
Trump did not go into detail about who he spoke with, but it seems likely he was referring to Iran's current president, Masoud Pezeshkian. No further details about the ceasefire were shared by the white House. Pezeshkian has been in office since 2024, taking over after former president Ebrahim Raisi died in a helicopter crash earlier that year.
Peace at Last?
Raisi had long been seen as a potential successor to the late Ali Khamenei, who was reportedly killed in US-Israeli strikes on February 28, the first day of the conflict. His son, Mojtaba Khamenei, was also seen as a possible figure in the country's leadership circle.
Trump also laid out his conditions for any ceasefire, making it clear that it would depend on the reopening of the Strait of Hormuz.
"We will consider when Hormuz Strait is open, free, and clear. Until then, we are blasting Iran into oblivion or, as they say, back to the Stone Ages!!!"
The announcement about a possible ceasefire comes just 12 hours before Trump is expected to deliver a televised address at 9:00 pm ET, where he is set to speak about the ongoing war.
Oil Soars, US Has Conditions
Trump has repeatedly claimed that Iran has been begging to negotiate an end to the war that began on February 28. However, this is the first time he has specifically suggested that there may be actual discussions about a ceasefire.
Brent crude oil prices are hovering close to $100 as of Wednesday morning, reflecting growing pressure on global energy markets as the war stretches into its second month.
The prolonged conflict has continued to unsettle investors, with uncertainty around supply routes and geopolitical risks keeping prices elevated.
At the same time, the impact is being felt directly by consumers. According to AAA, the national average price for a gallon of regular gas has climbed to $4.06. This steady rise in fuel costs is adding to inflation concerns, affecting everything from transportation to everyday goods.
As the conflict drags on, both global markets and household budgets remain under immense pressure.
