Iran rejects 45-day ceasefire amid blocked Strait of Hormuz, raising global oil prices.

A proposed 45-day ceasefire to reopen the Strait of Hormuz remains unresolved. The U.S. and Israel have threatened severe consequences for Iran, driving oil prices above $100 a barrel and raising concerns about global economic instability. Despite military strikes, Iran continues to resist, rejecting ceasefire proposals and demanding a permanent end to the conflict.