Trump stated that the ceasefire between the US and Iran is ‘dangerously fragile’ and dismissed Iran’s proposal as ‘trash.’ Iran has offered a counter-proposal including the reopening of the Strait of Hormuz and an immediate cessation of hostilities, but Trump criticized Iranian leaders as ‘very dishonorable.’ Ongoing clashes between Israeli and US forces, coupled with Iran’s continued blockade of the Strait of Hormuz, are contributing to rising international oil prices.