Iran rejected the latest ceasefire proposal, demanding a permanent end to the war instead. Israel dealt a severe economic blow to Iran by striking key petrochemical facilities, while the IAEA confirmed strikes near the Bushehr nuclear plant. Tehran presented ten clauses, including regional conflict resolution and sanctions lifting.
US and Iran are reportedly negotiating a 45-day ceasefire as part of a broader plan to end the conflict. This truce is expected to be a two-stage agreement leading to permanent peace talks. Meanwhile, US President Donald Trump continues to pressure Iran, demanding the opening of the Strait of Hormuz.
Israel eliminated Majid Khademi, the head of Iran's IRGC intelligence, via airstrike, while Israel vows to hunt down regime leaders. Iran stated it will not reopen the Strait of Hormuz in any ceasefire deal with the US, maintaining a hardline stance. Amid discussions on a temporary truce proposed by Pakistan, the US President threatens to destroy power plants if a deal is not reached.
President Trump threatened 'hell' upon Iran if the Strait of Hormuz remains closed, warning of strikes on power plants and bridges. Iran rejected these threats and intensified strikes across the Gulf region. Mixed signals regarding potential ceasefire talks are creating significant uncertainty in the markets.
As the US-Israel military operation against Iran enters its 38th day, President Trump has set a new deadline for the Strait of Hormuz. Iran warned of retaliation for attacks on civilian targets, and a 45-day ceasefire proposal was not approved by President Trump. Israel struck a key Iranian petrochemical complex, while the IAEA expressed concern over attacks near the Bushehr nuclear power plant.
Israel has repeatedly attacked Iran's South Pars gas field and near the Bushehr nuclear plant, which Iran strongly condemned as a violation of international law. The IAEA confirmed that Israeli strikes impacted close to the Bushehr nuclear facility. Despite proposals for a 45-day ceasefire and reopening the Strait of Hormuz, tensions remain high.
President Trump is threatening to attack Iranian power plants if the Strait of Hormuz is not reopened by April 6th. Mediators are attempting to forge a ceasefire amid this deadline, causing oil prices to fluctuate nervously. Uncertainty over the ongoing war is heightening volatility across the markets.