Trump vowed to continue the U.S. naval blockade against Iran, rejecting the latest peace proposal. Brent crude oil prices rose to $126 per barrel amid the ongoing conflict, reflecting heightened tensions. The estimated $25 billion in U.S. war costs may increase due to the inclusion of repairs to U.S. bases.
The Kremlin denied reports that Russia proposed alternatives to the JCPOA on Iran’s nuclear program during a phone call between Putin and Trump. Russia remains committed to supporting diplomatic efforts for a peaceful resolution to the crisis and has suggested several proposals aimed at resolving the differences surrounding the Iranian nuclear program. Ukraine has requested clarification on Putin's ceasefire proposal.