U.S.-Iran War: Iran Denies Rejecting Peace Talks as Trump Threatens “Hell” on Iran

Iranian Foreign Minister Abbas Araghchi has denied reports that Iran rejected peace talks with the U.S. in Pakistan. He also reiterated their demands for a conclusive end to the U.S.-Iran war, which is entering its sixth week. Meanwhile, U.S. President Donald Trump has warned that time is running out for Iran to make a deal, threatening to rain “hell” on them.

Iranian FM Calls For “Conclusive” End To U.S.-Iran War

In an X post, Araghchi said that the U.S. media was misrepresenting their position and that they have never refused to go to Pakistan for peace talks, contrary to earlier reports. “What we care about are the terms of a conclusive and lasting END to the illegal war that is imposed on us,” he added.

His comments follow an earlier report by WSJ correspondent Summer Said, who stated that Iran had told mediators it wasn’t willing to meet U.S. officials in Islamabad in the coming days and that the U.S. demands were unacceptable. Araghchi’s statement comes as the U.S.-Iran war enters the sixth week, with uncertainty about peace talks between both countries.

Also, it is worth noting that President Trump’s April 6 deadline is fast approaching, with the president threatening to strike Iran’s energy infrastructure if there is no progress in peace talks. Earlier this week, Trump said that Iran asked for a ceasefire, although Iran denied these claims.

The Bitcoin price continues to trade sideways amid uncertainty over the U.S.-Iran war. The leading crypto has climbed above the psychological $67,000 level today, up on the day, according to TradingView data.

The war is still at risk of further escalation as the Iranian parliament speaker, Mohammad Bagher Ghalibaf, subtly threatened the potential closure of the Bab el-Mandeb Strait, sending oil prices above $111. This has become a possibility with Yemen’s Houthis already joining the war. The closure of this Strait is likely to put further pressure on the global economy, as it accounts for almost 6% of global oil shipping.

“Time Is Running Out” For Iran

In a Truth Social post, Trump said that time is running out for Iran and that they have 48 hours until the April 6 deadline before “all hell will reign down on them.” This came as alluded to his past ultimatum for a deal in the U.S.-Iran war or for Iran to open up the Strait of Hormuz.

The president had said yesterday that with a little more time, they could “easily” open the Strait of Hormuz and “take the oil, and make a fortune.” A potential strike on Iran’s energy infrastructure is likely to further pressure crypto prices.

Despite Trump’s threats, crypto traders are still betting that the U.S.-Iran war will drag on until at least May. There is only a 35% chance of a U.S.-Iran ceasefire by May 31. The odds of a ceasefire by June 30 have also dropped to 47%, according to Polymarket data.