exports. Iran, however, has rejected ceasefire proposals put forward through international mediation efforts. Officials in Tehran have maintained that any resolution must address broader strategic concerns, including sanctions relief and long term security guarantees. In a strongly worded response, Iranian authorities warned of devastating and widespread retaliation if the United States proceeds with further military action, underscoring the high stakes and volatility of the situation. The standoff has already had tangible global repercussions. Oil prices have experienced sharp fluctuations, reflecting uncertainty over whether diplomatic efforts will succeed or give way to open conflict. The Strait of Hormuz remains at the center of the crisis. The narrow passage bordered by Iran and Oman are one of the world’s most important maritime chokepoints, making any disruption a matter of international concern. Analysts warn that prolonged instability in the region could have far reaching economic and geopolitical consequences. Despite ongoing diplomatic initiatives including proposals for a temporary ceasefire, both sides appear entrenched in their positions. With deadlines looming and military preparations continuing, the risk of escalation remains high, leaving the international community closely watching developments in the Gulf. Source: The Guardian