Washington: US President Donald Trump announced on Saturday that Iran has 48 hours to reach an agreement to open the Strait of Hormuz, warning that failure to do so could result in severe consequences. This ultimatum comes amid heightened tensions as both US and Iranian forces are currently engaged in efforts to locate a missing American airman.

According to France24.com, the announcement was made as a part of increasing diplomatic and military pressure on Tehran to ensure the free passage of international shipping through the vital waterway. The Strait of Hormuz is a critical channel for global oil shipments, and any disruption could have significant implications for the global economy.

Iran, however, has rejected the ultimatum, maintaining its stance on controlling the passage through the strait. The Iranian government has consistently emphasized its sovereignty over the waterway and has dismissed external pressures as unacceptable. The situation remains tense as the deadline approaches, with both nations on high alert and diplomatic channels seemingly strained.

The missing airman adds another layer of urgency to the situation, as both countries prioritize the search and rescue operation amid the growing diplomatic conflict. The world watches closely as the deadline looms, with potential repercussions that could escalate the situation further.