Trump Rejects Iran Peace Proposal as Tensions Mount in Strait of Hormuz

Diplomatic efforts to end the 73-day-old conflict between the U.S. and Iran hit a significant setback Sunday after President Trump dismissed Tehran’s ceasefire demands. The Iranian proposal, delivered via Pakistani mediators, called for full sanctions relief, compensation, and formal U.S. recognition of Iranian sovereignty over the Strait of Hormuz. President Trump characterized the demands as 'playing games' on social media, signaling a continuation of military and economic pressure. In the Persian Gulf, the military situation remains volatile following a series of weekend exchanges. Reports indicate the U.S. conducted 'self-defense strikes' against military assets on Qeshm Island and other ports after Iran allegedly fired on three Navy destroyers. Tehran has countered by claiming the U.S. targeted civilian areas and warned that any involvement by UK or French warships in the Strait of Hormuz would be met with a 'decisive response.' The geopolitical deadlock triggered a sharp reaction in global energy markets, with oil prices rising nearly 5% on Monday. Experts warn that a prolonged closure of the Strait of Hormuz could force the rerouting of 25 million barrels of oil daily, potentially disrupting global supplies through 2027. Meanwhile, regional allies including Qatar and Pakistan remain engaged in last-ditch diplomatic efforts to broker a de-escalation deal.