U.S. President Donald Trump has declared the ceasefire with Iran to be 'on life support' following his rejection of a counter-proposal from Tehran.
The statement, made on Monday, comes amid ongoing diplomatic efforts to end a two-month-old conflict involving the United States and Israel.
Trump expressed dissatisfaction with the latest offer from Iran, calling it 'unacceptable.' This marks a significant shift in tone from earlier statements, where the administration had indicated a willingness to negotiate a resolution.
The development has sparked renewed uncertainty about the future of the ceasefire, which was initially brokered in mid-April after Trump threatened to destroy Iran's 'whole civilization' if no deal was reached.
The situation has for regional stability and global markets, particularly in energy and trade sectors.
The Strait of Hormuz, a critical shipping route, has been a focal point of tensions, with any disruption posing a risk to global oil supplies.