Proposal

• US President Donald Trump dismissed Iran's response to a US peace proposal as 'totally unacceptable' on Monday, escalating tensions amid ongoing Middle East conflict. • Tehran warned of new attacks in retaliation, as reported by Asia News Network, heightening fears of prolonged disruptions in the Strait of Hormuz. • The rejection triggered market volatility across Asia, with investors seeking safe-haven assets amid potential impacts on regional energy security.

• U.S. stock-index futures fell early Monday, with Dow Jones futures down 0.30% at 49,540, Nasdaq 100 futures off 0.03% at 29,324, and S&P 500 futures dropping 0.4% amid rising geopolitical risks. • President Donald Trump called Iran's latest response to the U.S. proposal to end the war 'totally unacceptable,' triggering a surge in oil prices as markets braced for escalation. • The reaction compounds pressure from recent strong NFP data at +312K jobs versus +185K expected, with 2-year Treasury yields watched above 5% for further equity downside.

• MSCI’s Asian equities gauge climbed 1% at the open, with South Korea's market surging as much as 5% to a record high driven by artificial intelligence investment optimism. • Brent crude oil rose 3.6% to nearly $105 per barrel after President Donald Trump rejected Iran’s response to his peace proposal, prolonging tensions and the effective closure of the Strait of Hormuz. • US S&P 500 futures fell 0.1% amid the news, while the momentum strategy favoring recent winners like tech boosted Asian markets despite Middle East risks stoking inflation fears and lifting bond yields.

• US President Donald Trump publicly denounced Iran's reply to a US peace proposal as 'totally unacceptable' amid stalled negotiations in recent weeks. • Iran submitted its 'war-ending' response through Pakistan mediators, while a fragile ceasefire holds despite intermittent Gulf flare-ups and reported drone strikes. • The exchange escalates tensions, with Iran dismissing Trump's rejection as 'irrelevant' and warning countries enforcing US sanctions of 'difficulties' transiting the Strait of Hormuz.

State media says Tehran’s response to peace plan passed to Pakistan as drone strikes or incursions reported in UAE, Kuwait, Qatar and IraqIran has said it has replied to a US peace proposal, on a day when a month-old ceasefire showed signs of fraying, with drone strikes reported around the region.Iranian state media reported that the Iranian response had been passed to Pakistani mediators, without giving further details. The announcement came a week after the US presented a peace proposal, which was reported to consist of a one-page 14-point memorandum of understanding that would reopen the strait of Hormuz while setting a framework for further talks on Iran’s nuclear programme. Continue reading...

• The United States is monitoring Iran's reply to a renewed peace proposal following mutual strikes, as reported by Fox News White House correspondent Aishah Hasnie. • President Trump pursues a diplomatic deal amid Middle East tensions, with former Iran special representative Brian Hook praising the administration's 'disciplined deterrence' strategy. • The developments signal potential de-escalation in the conflict, highlighting Trump's foreign policy focus on security and negotiation.

Diplomatic efforts continuing despite fighting in and around contested strait of Hormuz in recent daysMiddle East crisis – live updatesThe US secretary of state, Marco Rubio, has said that Washington is expecting a response from Iran on Friday to its proposals for an interim deal to end the conflict in the Middle East, as Iran accused the US of breaching the increasingly fragile ceasefire announced last month.In recent days there have been the biggest flare-ups in fighting in and around the contested strait of Hormuz since the informal truce began. The rise in violence followed Donald Trump’s announcement – then rapid pause – of a new naval mission aimed at opening the strategic waterway. Continue reading...