BREAKING: Tehran officially rejects US proposal for a 48-hour ceasefire: Foreign Minister Araghchi claims terms for a lasting end to the war are the priority. IG Weekend Wall Street down nearly 200 points

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It’s less than 48 hours to Trump’s ultimatum to Iran: open the Strait of Hormuz or the power grid gets destroyed.

Iran has rejected every U.S proposal so far, and seems to relish the opportunity to call Trump’s bluff.

So what happens when April 6 arrives, and Trump orders strikes on Iran’s grid?

90 million people lose electricity, Iran retaliates on Gulf energy infrastructure, oil spikes, and Hormuz stays shut.

This is what a war of attrition looks like, each side taking a beating; Iran literally, the U.S and the rest of the world economically.

In the end, it comes down to who’s prepared to endure the pain for the longest. Not the smartest approach to diplomacy.

Source:
@HormuzLetter

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