Trump rejects proposal

President Donald Trump rejected Iran's proposal to reopen the Strait of Hormuz and restart negotiations, claiming Tehran is losing due to the greatest blockade in military history. While Trump remains open to acceptable terms, Iran's foreign minister Abbas Araghchi seeks clarification, suggesting the rebuff may not be final. Despite being ready for a doomsday war, Tehran maintains its seven-day cease-fire plan is reasonable. Meanwhile, global energy markets face strain from rising fuel costs and shifting demand.