Hopes for a U.S.-Iran ceasefire hit another setback! Trump rejects Iran's seven-day proposal, and the heavy inflation pressure beneath triple-digit oil prices is hard to shake off.

Zhito Finance APP has learned that media, citing sources familiar with the matter, reported that U.S. President Trump rejected Iran's proposed seven-day ceasefire plan and told aides he expects to resume bombing Iran after the November midterm elections. The Iranian government had previously said that Iran hoped to exchange the reopening of the strait and the resumption of nuclear negotiations for the United States lifting its blockade of Iranian ports, but Iran said it would show no flexibility on its nuclear program and would not give up its rights, including uranium enrichment.