Trump rules out Iran-Israel ceasefire as he leaves G7 early
By Abigail Townsend
Date: Tuesday 17 Jun 2025
(Sharecast News) - Donald Trump has insisted that his decision to quit the G7 conference early had nothing to do with a possible ceasefire in the Middle East, and that Iran should instead "give up".
The US president had been in Canada for the three-day G7 conference and on Monday signed the bulk of the US trade deal with the UK.
But he then surprised commentators by bowing out after the leaders dinner, missing meetings scheduled for Tuesday with a number of leaders, including Australian prime minister Anthony Albanese.
The White House press secretary tweeted that his early departure was because of "what's going on in the Middle East".
French president Emmanuel Macron also told reporters at G7 that according to Trump himself, talks were underway and that France would support a ceasefire should the US be able to secure one.
However, in an early morning Truth Social post, Trump hit out at Macron.
He posted: "Publicity seeking President Emmanuel Macron, of France, mistakenly said that I left the G7 Summit, in Canada, to go to DC to work on a 'cease fire' between Israel and Iran. Wrong!
"He has no idea why I am now on my way to Washington, but it certainly has nothing to do that a Cease Fire. Much bigger than that. Whether purposely or not, Emmanuel always gets it wrong. Stay Tuned!"
In separate post, Trump then insisted that he had not reached out to Iran for peace talks in any "way, shape, or form", and that the country "should have taken the deal that was on the table".
Reporters travelling back with him overnight to the US were also told: "I'm not looking for a ceasefire, we're looking at better than a ceasefire," and that Iran should "give up".
"I'm not too much in the mood to negotiate," he said on Air Force One.
Trump also warned that Iranians should evacuate Tehran immediately, further fuelling fears of escalation.
The price of oil and safe haven assets soared last week after Israel launched a series of air strikes on Iran's nuclear programme and military figures.
Attacks by both countries have continued since then.
Israel wants to stop Iran building nuclear weapons. Talks have been held between Washington and Tehran this year, but they have so far failed to secure a diplomatic solution.
Kathleen Brooks, research director at XTB, said: "Stocks are lower after Trump's abrupt departure from the G7 to monitor events in the Middle East from the White House. This suggests that things could be about to escalate in this conflict.
"[Macron] initially said that Trump was leaving due to a ceasefire...but that was rebuffed by Trump. This has spooked financial markets."
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