US President Rejects Iran's Strait of Hormuz Ceasefire Offer

US President Trump rejected Iran's proposal for a seven-day ceasefire and the reopening of the strategic Strait of Hormuz, stating Tehran is "losing so badly" financially. Iran's Foreign Minister acknowledged the rejection, maintaining openness to diplomacy but also preparing for potential conflict. This decision sustains heightened tensions in a critical global oil chokepoint, impacting energy markets and supply chains.