Trump Rejects Iran Peace Deal, Oil Prices Soar Amid Escalating Tensions

US President Donald Trump has rejected the Iran peace deal, sending shockwaves through global markets. Oil prices have surged by over 1% despite this negative news for the economy. Meanwhile, S&P 500 and Nasdaq futures are down by 0.1%. This development comes as Iranian Foreign Minister Seyyed Abbas Araghchi stated that his country is prepared for a 'doomsday war' with the US.

In an interview with NBC News' 'Meet the Press', Araghchi said, 'We don't care about US midterm elections. We care about our national interests.' He also emphasized Iran's readiness for diplomacy, stating that it is up to President Trump to choose between war and peace.

Furthermore, Israeli Finance Minister Bezalel Smotrich has called for the annexation of areas in south Lebanon and Gaza Strip currently under Israeli military control. He believes this move will deter enemies from engaging in future wars. However, his comments have been met with criticism and concern over the escalating tensions.