LIVE Trump says US Navy intercepted all 111 missiles aimed at vessels in Strait of Hormuz Last updated: May 12, 2026 | 07:33 US-Israel-Iran war US President Donald Trump AP President Donald Trump warned that the Middle East ceasefire is on “life support” after rejecting Iran’s latest counteroffer, calling it “totally unacceptable” and vowing a “complete victory” over Tehran. Iran responded defiantly, with parliamentary speaker Mohammad Bagher Ghalibaf saying its armed forces are ready “for any eventuality.” The developments unnerved global energy markets already thrown into chaos by the war. Aramco CEO Amin Nasser warned that even if the Strait of Hormuz reopens soon, supply shocks could last into 2027. Beyond energy, the conflict threatens fertilizer shipments from Gulf ports, raising the risk of food shortages for tens of millions worldwide.…