00:00President Trump has rejected Iran's proposal to reopen the Strait of Hormuz and end the fighting.
00:05According to HuffPost, Trump turned down the offer, which included a seven-day ceasefire.
00:11The New York Times reports that Iran is still waiting for an official response from Washington.
00:16Global markets reacted quickly.
00:18CNBC reports oil prices rose more than 1% after the rejection.
00:23Despite the rebuff, France 24 reports Trump expects talks with Iran to begin next week,
00:29leaving the standoff over the vital shipping route unresolved for now.
00:34The full story is in the description below.
00:36Watch CVRDnews.com for more videos.