Trump Labels Iran’s Reply to U.S. Peace Offer 'Totally Unacceptable' as Oil Surges and Strait of Hormuz Remains Disrupted
President Donald Trump on Sunday publicly rejected Iran’s counterproposal to a recently floated U.S. peace offer, calling the response "TOTALLY UNACCEPTABLE." The exchange has intensified market worries over a 10-week-old conflict and left the Strait of Hormuz largely closed, contributing to a sharp rise in oil prices and renewed fears about region…