US Rejects Iran's Plan to Reopen Strait of Hormuz Amid Escalating Tensions

US President Donald Trump has rejected Iran's seven-day plan to reopen the Strait of Hormuz, stating the deal was unacceptable and that Tehran had "overplayed their hand." This rejection prolongs a seven-month standoff and comes as the EU warns of a potential energy price crisis due to the Middle East conflict impacting energy markets.