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. 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.