Iran Rejects US Ceasefire Extension, Threatens Military Action Over Strait of Hormuz

A high-stakes standoff between Iran and the United States has escalated as Tehran rejects US President Donald Trump's announcement extending a ceasefire.

The Iranian government stated it will act in accordance with its national interest, rather than accepting the unilateral move by Washington. This stance is rooted in concern over ongoing US maritime restrictions on Iranian shipping through the Strait of Hormuz.

Iran has signalled that it could take military action if necessary to break through any blockade, emphasizing its commitment to protecting its sovereignty and economic interests. Analysts predict a negative impact on the crypto market in the short-term due to rising tensions between the two nations.