Trump Reportedly Rejects Iran’s 7-Day Ceasefire Offer, Keeps Naval Blockade

President Trump has reportedly rejected Iran’s proposal for a seven-day ceasefire, according to The Wall Street Journal.
The proposal would have involved reopening the Strait of Hormuz and halting regional fighting within seven days.
Trump also reportedly declined to lift the U.S. naval blockade on Iran.
The WSJ report, citing U.S. officials, says Trump remains skeptical that Tehran would meet U.S. demands and expects military pressure to continue.
The development reduces near-term hopes for a diplomatic breakthrough and keeps a major geopolitical risk hanging over global energy markets.
The Strait of Hormuz remains critical for global oil and refined-product flows, meaning any prolonged disruption or escalation could continue affecting crude prices, shipping costs and inflation expectations.
For markets, the key question is whether negotiations resume or whether the current standoff extends further.