Trump rejects Iran response to US peace proposal as ‘totally unacceptable’, oil prices surge

US President Donald Trump rejected Iran’s latest proposal to end the months-long conflict, calling it “totally unacceptable”, as fears of a prolonged war sent global oil prices sharply higher and kept pressure on shipping through the Strait of Hormuz. The Iranian response came days after Washington floated a proposal aimed at restarting negotiations and easing tensions in the region. Tehran’s counterproposal reportedly focused on ending hostilities across multiple fronts, particularly in Lebanon, where Israel continues military operations against Iran-backed Hezbollah militants. Iran also demanded compensation for war damages, an end to the US naval blockade, guarantees against future attacks, lifting…