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Iran vows to fight on as Trump calls latest peace proposal "unacceptable"

Oil prices spike and the Strait of Hormuz stays paralyzed as Trump rejects Iran's peace proposal and Tehran vows to "fight whenever it is necessary."

Updated on: May 11, 2026 / 7:08 AM EDT / CBS News

Iranian president says nation will "never bow down to the enemy"

Iranian ‌President Masoud ⁠Pezeshkian said Sunday that the country would "never bow down to the enemy," vowing that the ruling Islamic Republic regime would "defend national interests with strength."

"If talk of dialogue or negotiation arises, it does not mean surrender or retreat," he said in a message posted on social media before President Trump rejected Iran's response to the latest U.S. peace proposal.

"The goal is to uphold the rights of the Iranian nation and to defend national interests with resolute strength," said Pezeshkian.

Iran will "fight whenever it is necessary," vows foreign ministry spokesperson