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US: Mideast truce on ‘life support’
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US: Mideast truce on ‘life support’

AFP

US President Donald Trump warned the ceasefire in the Middle East war was on “life support” on Monday after rejecting the latest counteroffer from Iran, which said its military stood ready to respond to any act of aggression.

The president’s angry reaction to Iran’s position—delivered in response to a US proposal—sparked a spike in oil prices and dashed hopes that a deal could be quickly negotiated to reopen the Strait of Hormuz to commercial shipping.

After slamming the reply as “TOTALLY UNACCEPTABLE,” Trump insisted the United States would see a “complete victory” over Iran, adding that the truce which has largely halted fighting in the Gulf for over a month was on its last legs.

“The ceasefire is on massive life support, where the doctor walks in and says, ‘Sir, your loved one has approximately a one percent chance of living,’” he told reporters on Monday.

‘No alternative’

Iranian parliamentary speaker Mohammad Bagher Ghalibaf, who served as chief negotiator in previous talks with Washington, said shortly afterwards that the country’s armed forces were ready to “teach a lesson for any aggression.”

He added in a later post on X that “there is no alternative” but to accept the points laid out in Iran’s 14-point proposal rejected by Trump.

“Any other approach will be completely inconclusive; nothing but one failure after another. The longer they drag their feet, the more American taxpayers will pay for it,” he said.

The developments unnerved global energy markets already thrown into chaos by the war and the overlapping blockades imposed by Iran and the US around the Strait of Hormuz—a vital conduit for oil and gas shipments.

“The energy supply shock that began in the first quarter is the largest the world has ever experienced,” the CEO and president of Saudi oil giant Aramco, Amin Nasser, told investors, warning it would take months for markets to rebalance even if the strait opened immediately.

“If its opening is delayed by a few more weeks, then normalization will last into 2027,” he said.

Hunger, starvation

The world now also faces a shortage of fertilizer—much of which comes from Gulf ports and risks food supplies for tens of millions of people.

Jorge Moreira da Silva, executive director of the United Nations Office for Project Services, told Agence France-Presse (AFP) there were just a few weeks left to avert a potentially “massive humanitarian crisis.”

“We may witness a crisis that will force 45 million more people into hunger and starvation,” he said.

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Tehran’s foreign ministry said it had called for an end to the US naval blockade of its ports and to the war “across the region”—implying a halt to Israel’s strikes targeting Hezbollah in Lebanon.

Crucially, ministry spokesperson Esmaeil Baqaei told reporters Iran demanded the “release of assets belonging to the Iranian people, which have for years been unjustly trapped in foreign banks.”

That would represent a victory in the Islamic republic’s long-standing campaign against its economic isolation, going further than a return to the status quo before the US and Israel launched the war on February 28.

The Wall Street Journal, citing people familiar with the matter, said Iran’s counterproposal had also included the possibility of diluting some of its highly enriched uranium, with the rest transferred to a third country.

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