President Trump rejected Iran's response to the U.S. proposal to end the war, calling it unacceptable.
The rejection escalates tensions in the Middle East, affecting global oil prices and maritime traffic. - Trump's social media post dashed hopes for an imminent ceasefire.
- Iran's proposal emphasized sovereignty over the Strait of Hormuz and demanded war reparations. - Recent attacks have intensified around the Strait of Hormuz, with drones intercepted by UAE, Qatar, and Kuwait.
- Oil prices jumped after the failed negotiations, with Brent crude rising $3.50 a barrel. The conflict continues to disrupt global energy markets and regional stability.