US President Donald Trump has warned that the fragile Middle East ceasefire is close to collapse after rejecting Iran’s latest counterproposal aimed at easing tensions in the Gulf region.
Trump described Iran’s response to Washington’s proposal as “totally unacceptable”, insisting the United States would secure a “complete victory” over Tehran. His remarks rattled global markets, with oil prices surging amid fears of prolonged instability in the Strait of Hormuz — a critical route for global energy supplies.
Iran responded by warning that its armed forces are prepared for “any aggression”, while also demanding the release of frozen Iranian assets and an end to regional military pressure.
The escalating standoff has intensified concerns over global energy shortages, rising food insecurity, and the possibility of further military confrontation involving the US, Iran and Israel.