Trump Rejects Iran Ceasefire Plan, Eyes Post-Midterm Escalation

President Donald Trump has rejected Iran's proposed seven-day ceasefire framework, which would have required the US to lift its blockade of Iranian ports in exchange for Tehran reopening the Strait of Hormuz and restarting nuclear negotiations.

The proposal was met with skepticism by Trump, who believes Iran would not meet his demands. As a result, he expects US bombing operations could resume after the November midterm elections, increasing the risk of volatility across oil and digital-asset markets.

Trump's decision is reportedly driven by concerns over the scale of any possible bombing campaign and the depletion of US ammunition stocks, which must be reserved for other contingencies.