00:00U.S. President Donald Trump has rejected Iran's terms for ending the war in the Middle East,
00:06calling the response totally unacceptable and raising fears of renewed conflict.
00:11In a post on Truth Social, Trump said he had read Iran's latest reply and made clear he will not
00:17accept it,
00:18although he did not give details.
00:20Iran had responded on Sunday to Washington's most recent peace proposal,
00:25warning it will retaliate against any new U.S. strikes and will not allow more foreign warships into the Strait
00:31of Homo.
00:31The standoff has rattled global energy markets.
00:34In early trading in Asia, Brent crude jumped 4.65 percent to $99.95 a barrel,
00:41while U.S. benchmark West Texas Intermediate rose more than 4 percent to $105.50.
00:48Investors are now increasingly concerned about disruptions in the Strait of Homo.
00:52a vat road for global oil supplies, while Iran has imposed a partial blockade.
00:59Meanwhile, Israeli Prime Minister Benjamin Netanyahu said the war will not be over
01:03until Iran's nuclear facilities were dismantled and enriched uranium removed from the country.
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