Iran-US Conflict Escalates: Tehran Rejects US Ceasefire Proposal

Iran US war LIVE updates: Amid conflicting statements on the peace plan from Iran and the US, oil prices surged about 2 per cent, with Brent futures rising 2.03 per cent to $104.30 per barrel. Meanwhile, the US West Texas Intermediate crude futures rose 2.14 per cent to $92.25 per barrel. | World News

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US President Donald Trump claimed Iran was participating in peace talks but was 'afraid to say it' due to fear of being 'killed' by its own people or the US. Iran's foreign minister, Abbas Araghchi, stated that Tehran was reviewing the US proposal but had no intentions of holding talks to end the conflict.

The US Central Command rejected Iran's claim of targeting a US F-18 fighter jet, stating that no US fighter aircraft had been shot down by Iran.

The White House dismissed reports of possible peace talks between Iran and the US in Pakistan, terming them 'speculation.'

Iran's Parliament Speaker, Mohammad Bagher Ghalibaf, warned that enemies were planning for a possible invasion of an Iranian island with the backing of an unnamed regional country.

Oil prices climbed as uncertainty surrounding the US-Iran peace talks kept investors cautious, with West Texas Intermediate surging toward $91 per barrel and Brent crude closing above $102 per barrel.