Trump Rejects Iran’s Response to U.S. Proposal as Oil Prices Surge

U.S. President Trump rejected Iran’s peace proposal, citing it as ‘completely unacceptable,’ fueling concerns about further instability in global energy markets. Oil prices surged following the rejection, reflecting fears of continued disruptions to shipping through the Strait of Hormuz. The U.S. is seeking China’s influence to pressure Iran and potentially reach a settlement, while Israel maintains that the conflict will continue until Iran’s nuclear program is addressed.