Trump waits on response to peace plan as Iran accuses US of ‘reckless military adventure’

President Trump is awaiting Iran’s response to a peace plan, while Iran accuses the US of ‘reckless military adventure.’ The fragile ceasefire in the Strait of Hormuz is threatened as Iran reviews a response to the US’s latest proposal, which includes reopening the strait and lifting the blockade on Iranian ports. Rising oil prices and concerns about supply disruptions are fueling investor anxiety about the potential for renewed clashes.