President Donald Trump expressed skepticism about Iran's 14‑point peace proposal to reopen the Strait of Hormuz and lift the U.S. blockade.
The administration is reviewing a proposal with a one‑month deadline to reopen the strait and conditional nuclear talks after a permanent ceasefire.
CENTCOM commander Adm. Brad Cooper briefed Trump on updated strike plans and later met troops aboard USS Tripoli as military preparations intensify.
Analysts say the proposal lifted equities, but oil downside risks stay high and volatility is expected in energy and defense sectors.