Politics

Oil prices surge as Hormuz stays shut ahead of Trump deadline

07.04.2026, 08:52

Iran's rejection of the U.S. ceasefire proposal has kept tensions elevated and left diplomacy hanging by a thread. — Iran's rejection of the U.S. ceasefire proposal has kept tensions elevated and left diplomacy hanging by a thread. Photo: Getty Images

Iran's rejection of the U.S. ceasefire proposal has kept tensions elevated and left diplomacy hanging by a thread.