Israel launched widespread strikes across Iran on March 26, targeting infrastructure in cities including Isfahan, Shiraz, Bandar Abbas, Tabriz, and Mashhad, following Iran's rejection of a US-proposed 15-point peace plan. Iranian Foreign Minister Abbas Araghchi stated on March 25 that Iran's policy remains "resistance" and denied any ongoing negotiations with the Trump administration, though acknowledged message exchanges through third countries. The conflict, which began on February 28, has escalated to engulf the Middle East, with Iran continuing retaliatory attacks on Israel and engaging in fresh violence in the Gulf, including missile and drone attacks near Abu Dhabi and Saudi Arabia. The closure of the Strait of Hormuz by Iran, a vital oil and gas transit route, continues to impact global markets, with oil prices rising on March 26.