Trump rejects Iran's response to U.S. peace proposal, Qatar condemns hit on cargo ship, oil prices jump amid stalemate

U.S. President Trump rejected Iran’s response to the U.S. peace proposal, leading to a surge in oil prices amid concerns about the ongoing conflict and its impact on the Strait of Hormuz. The U.S. is seeking China’s influence to pressure Tehran into a deal, with discussions expected during the upcoming summit. Israeli Prime Minister Netanyahu reiterated that the war is not over.