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Iran rejects 45-day ceasefire proposal as Trump’s deadline nears

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Why This Matters

The rejection of the ceasefire proposal by Iran highlights ongoing geopolitical tensions that could impact global energy markets and regional stability. For the tech industry, such conflicts can disrupt supply chains, especially in sectors reliant on Middle Eastern resources. Understanding these developments is crucial for anticipating market shifts and security concerns affecting technology infrastructure and innovation.

Key Takeaways

Trump has warned Iran that the U.S. could set the country ‘back to the stone ages.’ Iran on Monday rejected a 45-day ceasefire proposal and said it wants a permanent end to the war, even as Israel attacked a major gas field and U.S. President Donald Trump’s ultimatum to open the Strait of Hormuz loomed.