Iran calls US peace proposals 'unrealistic', oil rises amid new missile strikes
Iran has rejected US peace proposals and intensified missile attacks on Israel, leading to a surge in oil prices and fears of a wider Middle East escalation. The conflict has spread across the region, killing thousands and disrupting energy supplies, with Iran's acting defence minister making a defiant statement.
Iran has rejected US peace proposals, calling them 'unrealistic, illogical and excessive'. The country has launched more missiles on Israel, with oil prices rising further after Yemen's Houthis entered the conflict. Israel's military intercepted two drones from Yemen and targeted Iranian infrastructure in Tehran and Hezbollah infrastructure in Beirut. The US has warned Iran to open the Strait of Hormuz or risk attacks on its energy infrastructure. The conflict has spread across the region, causing disruption to energy supplies and hitting the global economy. Iran has fired on Arab Gulf states and war has been reignited between Israel and Hezbollah in Lebanon.
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