world-economy

US-Iran Ceasefire Teeters as Both Sides Reject Latest Peace Proposals

The fragile ceasefire between the United States and Iran deteriorated Monday as negotiators failed to bridge fundamental gaps. President Donald Trump characterized the agreement as being on "massive life support" after rejecting Tehran's latest offer, while Iran similarly dismissed the American counterproposal. The impasse raises the specter of renewed hostilities. Trump indicated he plans to raise the Iranian question during upcoming discussions with Chinese leader Xi Jinping in Beijing, signaling an attempt to leverage diplomatic pressure through additional channels. The breakdown in talks has rattled financial markets, with gold prices climbing on investor concerns about potential escalation. Both capitals now face a critical window to present revised terms before the ceasefire collapses entirely.