Iran Threatens Fresh Offensive as Trump Says 'No' to Ceasefire Extension: What's Next?

Oil prices surged above $90 per barrel, with Brent crude topping $91, following the expiration of the US-Iran ceasefire. Donald Trump rejected a ceasefire extension and demanded Tehran surrender, while Iran threatened a fully offensive military posture. This escalation, centered around the Hormuz strait, has caused Indian shares to dip. The two-month negotiation window for a peace deal ended on Monday without a resolution, increasing concerns over further conflict and its impact on global energy markets.