By Our Correspondent

National News – United States President Donald Trump has rejected Iran’s latest peace conditions aimed at ending the Middle East conflict, escalating fears of renewed fighting and triggering a sharp rise in global oil prices.

Trump announced his decision on Sunday through his Truth Social platform after reviewing Tehran’s response to Washington’s proposed ceasefire terms.

He described the Iranian conditions as “totally unacceptable,” raising uncertainty over diplomatic efforts to halt the ongoing war involving the United States, Israel and Iran.

The conflict, which began on February 28 after coordinated military operations by Israel and the US against Iranian targets, has continued to disrupt global energy markets.

On Monday morning, Brent crude oil prices climbed nearly five per cent to almost $100 per barrel, while West Texas Intermediate crude also recorded a major increase.

Iranian President Masoud Pezeshkian insisted that Tehran would not surrender under pressure and warned that any new military strike from Washington would receive a strong response.

Iranian authorities also maintained restrictions in the Strait of Hormuz, a strategic route used for transporting about one-fifth of the world’s oil supply.

Israeli Prime Minister Benjamin Netanyahu said the war would not end until Iran’s nuclear facilities and enriched uranium stockpiles were dismantled completely.

Reports indicated that Iran’s counter-proposal included plans to transfer part of its enriched uranium to another country while demanding guarantees for its return if negotiations collapsed.

Tensions further increased after drone incidents were reported in the Gulf region, including interceptions in the United Arab Emirates and Kuwait.

Iran also warned Britain and France against deploying military vessels near the Strait of Hormuz.

World leaders are now watching closely as Trump prepares to discuss the crisis with Chinese President Xi Jinping during his upcoming visit to Beijing.