Iran rejects US ceasefire
Iran dismissed a U.S. 15‑point ceasefire plan and issued its own counterproposal as strikes spread across the Middle East, prompting renewed military activity and regional escalation—Gulf states including the UAE and RAK are now in the strike arc and carriers are already tightening war exclusions and modeling exposures. (thehill.com) (pbs.org) (nytimes.com)
Pakistani and Egyptian officials say Pakistan physically transmitted the U.S. 15‑point package to Tehran and mediators were pushing for possible in‑person talks between Iranian and American delegations as soon as Friday in Pakistan. (theweek.in) The UAE Ministry of Defence reported its air defences engaged five ballistic missiles and 17 UAVs in a March 24 wave. (gulfnews.com) UAE statements cited in regional press say total engagements since the strikes began reached 357 ballistic missiles and more than 1,800 drones by March 25. (hindustantimes.com) Iran’s Islamic Revolutionary Guard Corps publicly warned residents of Ras Al Khaimah to evacuate and threatened “heavy and crushing” strikes over disputed islands on March 20–21. (houseofsaud.com) Ras Al Khaimah police later clarified loud explosions on March 21 were the result of successful air‑defence interceptions, according to an official statement. (gulftoday.ae) U.S. officials confirmed additional troop movements: paratroopers and more Marines were deployed to the Gulf region in late March as the diplomatic initiative and battlefield activity continued. (pbs.org) Marine insurers and P&I clubs announced withdrawals of hull and war‑risk cover for segments of the Persian Gulf in early March, prompting brokers to warn of sharp repricing and constrained capacity. (bloomberg.com) Market observers reported marine and aviation war‑risk premiums jumping sharply—Lockton cited 200–300% increases for Strait of Hormuz transits—and insurers estimate roughly 20,000 seafarers stranded while hull war premiums have been described as set to double with some voyages effectively uninsurable. (global.lockton.com)
