'I don’t like it...': Trump rejects Iran's response to US peace proposal as 'unacceptable'

President Donald Trump's swift rejection of Iran's response to a U.S. peace proposal sent oil prices ​surging higher on Monday amid concerns the 10-week-old conflict ​will drag on, keeping shipping through the Strait of Hormuz paralyzed. Days after the U.S. floated an offer in the ​hopes of re-opening negotiations, Iran on Sunday released a response focused on ending the war on all fronts, especially Lebanon, where U.S. ally Israel is fighting Iran-backed Hezbollah militants. Tehran also included a demand for compensation for war damages and emphasized Iranian sovereignty over the Strait of Hormuz, Iranian state TV said.