President Donald Trump declared the ceasefire with Iran to be on life support after rejecting Tehran's demands to lift sanctions and end the naval blockade.Global oil prices surged above $104 per barrel as the blocked maritime route continues to strain international energy markets and regional security.Prime Minister Benjamin Netanyahu emphasized that Israel remains prepared for independent military action to counter Iranian nuclear capabilities as diplomatic efforts falter.International mediators are seeking to manage the humanitarian crisis as thousands of stranded seafarers and oil tankers remain stuck near the Strait of Hormuz.