U.S. President Trump has dismissed Iran's latest ceasefire proposal, labeling it "completely unacceptable." Iran responded by stating it would not tailor proposals to appease Trump. This development has heightened market risk-off sentiment, with WTI crude oil prices rising 3% to $98.44 per barrel. Concurrently, the dollar strengthened, and U.S. stock index futures fell by approximately 0.3%. In related geopolitical movements, the United Kingdom and France are advocating for discussions among over 40 countries to ensure safe passage through the Strait of Hormuz amid ongoing tensions. Israeli Prime Minister Netanyahu emphasized that military actions against Iran are ongoing, while Iran warned that foreign warship deployments in the Strait could escalate the conflict.