Iran’s parliamentary speaker, Mohammad Bagher Ghalibaf, urged the U.S. to accept Iran’s 14-point proposal to end the ongoing conflict, warning that delays would increase costs for American taxpayers. Despite tensions, U.S. stock markets rose, with the S&P 500 and Nasdaq reaching record highs, driven by the tech sector, although most S&P 500 stocks declined. Oil prices surged after President Trump dismissed Iran’s proposal, putting the U.S.-Iran ceasefire at risk. The U.S. imposed sanctions on individuals and entities linked to Iranian oil sales to China, targeting Iran’s Islamic Revolutionary Guard Corps. Iran’s military readiness was emphasized by Ghalibaf, while Pakistan reportedly allowed Iranian military aircraft to use its airfields, potentially shielding them from U.S. strikes. Meanwhile, a U.S. ballistic missile submarine surfaced in Europe, as the White House considered its next steps with Iran.
QUESTION: How might the ongoing tensions between the U.S. and Iran impact global economic stability and international relations?
Iran vows to fight on as Trump says ceasefire is “on life support”
