Iran has reportedly rejected a US proposal for a 48-hour ceasefire, unnamed source tells semi-official Fars News Agency; Adds the proposal was made on Wednesday through another country

Iran's rejection of a US-proposed 48-hour ceasefire reflects ongoing tensions, which could further escalate conflict and impact energy markets.

Newsquawk StaffPublished 3 Apr 2026, 18:41 UTCOn the live feed at 18:21 UTC — 1 more headline followed before this page went public

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18:42

A second Air Force combat plane crashed in the Persian Gulf region on Friday, and the lone pilot was safely rescued, NYT reports citing two US officials; A-10 Warthog attack plane went down near the Strait of Hormuz

18:29

Qatar resists being key mediator in US-Iran conflict, WSJ reports, citing officials and mediators

18:21

Iran has reportedly rejected a US proposal for a 48-hour ceasefire, unnamed source tells semi-official Fars News Agency; Adds the proposal was made on Wednesday through another country

18:18

French Finance Minister says he has written to European Commission asking it to probe European oil refineries sector

18:13

America proposed a 48-hour ceasefire through one of its friendly countries on April 4th, according to Fars citing an unformed source - UNCONFIRMED AND DATE IS IN THE FUTURE, SO TREAT WITH CAUTION

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Context

This may heighten risk premiums in oil, particularly WTI, as any prolonged unrest could threaten supply stability. Traders should watch for volatility in commodities and related assets as the geopolitical landscape unfolds.

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