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Iran rejects latest ceasefire proposal, wants permanent end to war: State media
Iran says it will accept only a permanent ceasefire with guarantees against future attacks after mediators proposed a 45-day pause, state media reported.
On Monday, Iran rejected a 45-day ceasefire proposal and insisted on a permanent end to the war, defying U.S. President Donald Trump's ultimatum to reopen the Strait of Hormuz by Tuesday at 8:00 P.M. ET.
Tensions escalated after Iran effectively closed the Strait of Hormuz following U.S. and Israeli strikes beginning February 28; Israel subsequently attacked the South Pars petrochemical plant, which Defense Minister Israel Katz described as the largest such facility in Iran.
Iran's blockade has sent global oil prices soaring about 50% since the war began, while the conflict has claimed more than 1,900 lives in Iran, though the government has not updated the toll for days.
Tehran conveyed a 10-point counter-proposal via Pakistan demanding an end to regional conflicts and sanctions, though the White House confirmed President Trump has "not signed off" on any ceasefire deal.
Intelligence reports suggest new supreme leader Mojtaba Khamenei is unconscious and receiving treatment in Qom, about 87 miles south of Tehran, fueling concerns about who is truly running Iran during this volatile period.
FT News Briefing discuss the U.S.-Iran clash over ceasefire terms, including Iran’s 10-point demands and Trump’s deadline to reopen the Strait of Hormuz