According to the latest information from US officials cited by Wallstreetcn, Donald Trump has rejected Iran's proposed 7-day ceasefire plan and told aides that he expects to resume bombing operations against Iran after the November midterm elections. Iran's ceasefire proposal included conditions such as reopening the Strait of Hormuz and restarting nuclear negotiations in exchange for the US lifting its blockade of Iranian ports. Trump privately expressed skepticism about Iran's ability to meet his demands. This move indicates that the seven-month US-Iran conflict is escalating towards hostility, which will continue to influence global commodity markets and oil prices.