TechFlow News: On May 11, according to JINSHI Data, U.S. President Trump rejected Iran’s latest ceasefire proposal, calling it “completely unacceptable.” Iran subsequently responded that it would not draft proposals to please Trump. As a result, market risk-aversion sentiment intensified: WTI crude oil opened 3% higher at $98.44 per barrel; the U.S. dollar strengthened; and futures on the three major U.S. stock indices fell by approximately 0.3%. Meanwhile, the UK and France are spearheading discussions among over 40 countries regarding naval escort missions for vessels transiting the Strait of Hormuz following the establishment of a stable ceasefire. Israeli Prime Minister Netanyahu stated that military operations against Iran have not yet concluded, while Iran warned that any deployment of foreign warships in the Strait of Hormuz under the pretext of “protecting maritime shipping” would be regarded as an escalation of hostilities.
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