Iran rejected a U.S.-backed 45-day ceasefire tied to reopening the Strait of Hormuz. Donald Trump reaffirmed a Tuesday 8 p.m. deadline, warning of potential strikes on Iranian infrastructure if access is not restored. U.S. officials said military preparations are underway targeting energy assets. Trump called Tehran’s counterproposal “not good enough,” though “a significant step.” He also raised the possibility of fees on Hormuz shipping and confirmed an investigation into a military leak.