LIVE This Morning: Iran Exempts Iraq From Hormuz Restrictions | Iran Rejects Trump's 48-Hr Deadline

LIVE This Morning: Iran Exempts Iraq From Hormuz Restrictions | Iran Rejects Trump's 48-Hr Deadline

Iran has just announced that Iraq is fully exempt from the new restrictions on the Strait of Hormuz. Iraqi vessels can now pass freely, while ships linked to the US, Israel, and their allies remain restricted.

At the same time, Iran has firmly rejected President Trump's 48-hour ultimatum and ceasefire proposal. Tensions continue to rise as Iran defies the deadline to reopen this critical waterway.

This development is causing major shocks in global oil markets, with energy prices spiking amid fears of disruption in one of the world's most important shipping routes.

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