U.S. President Donald Trump has dismissed Iran's latest peace proposal aimed at ending the ongoing conflict with the United States and Israel.
The rejection, reported by Bloomberg, adds to the uncertainty surrounding a potential resolution to the two-month-old crisis.
The move comes amid heightened geopolitical tensions and could influence investor sentiment in global markets.
The development has triggered a repricing of risk assets, with equities and commodities showing mixed reactions.
Energy markets, in particular, remain sensitive to developments in the region, as any escalation could disrupt critical shipping routes and oil flows.
The broader market response reflects concerns over the potential for prolonged instability in the Middle East.