President Donald Trump warned the ceasefire in the West Asia war was on “life support” Monday (May 11) after rejecting the latest counteroffer from Iran, which said its military stood ready to respond to any act of aggression.

The president’s angry reaction to Iran’s position – delivered in response to a U.S. proposal – sent oil prices soaring and dashed hopes that a deal could be quickly negotiated to reopen the Strait of Hormuz to commercial shipping.

After slamming the reply as “TOTALLY UNACCEPTABLE,” Mr. Trump insisted the United States would see a “complete victory” over Iran, adding that the truce, which has largely halted fighting in the Gulf for over a month, was on its last legs.

– AFP