Trump Rejects Pezeshkian's Offer to Revive Iran Ceasefire as US-Iran Trade Heaviest Strikes in a Month

September 1, 2026 — Speaking at the Shanghai Cooperation Organisation summit in Kyrgyzstan, Iranian President Masoud Pezeshkian said Tehran was ready to 'immediately reciprocate' and return to the defunct June ceasefire and Islamabad MOU framework if Washington honored its own commitments. President Trump dismissed the overture hours later, telling Fox News 'I think an agreement with them isn't worth the paper it's written on.' The exchange came as US Central Command struck Iranian air-defense, radar, maritime and mine-laying sites across southern Iran — including Sirik, Konarak, Bandar Abbas, Jask, Asaluyeh, Ahvaz and Qeshm Island — after IRGC forces attempted to target US troops and shipping in the Strait of Hormuz following attacks on two oil tankers; Al Jazeera reported at least 11 killed in Iran, including several at a wedding gathering in Kuhestak. Iran retaliated with ballistic missiles on Jordan's Camp Titin and Prince Hassan air base (Jordan intercepted 10 of 13 incoming missiles), drone strikes on Bahrain's Sheikh Isa air base, and combined missile-and-drone strikes on US positions in Erbil, Iraq; Kuwait also reported intercepting Iranian drones and missiles, with no injuries reported in the Gulf states. Al Jazeera and other outlets described it as the heaviest US-Iran exchange of fire in more than a month, further burying near-term hopes of reviving the Islamabad MOU framework whose 60-day window lapsed Aug. 17. Brent crude jumped roughly 5% to near $95/barrel, its highest since late July.