Iran's response to the US peace plan rejected by Trump includes Iranian control of Ormuz

US President Trump rejected Iran's peace proposal, calling it ‘totally unacceptable,’ amid Iran’s claim of control over the Strait of Hormuz. This has led to increased volatility in the energy market, with Brent crude rising 4.5% to $105.81. China opposes US sanctions, and India urges citizens to reduce gasoline consumption.