US Iran War LIVE: Iran said on Wednesday it was reviewing a US peace proposal that, according to a Reuters report citing sources, would formally end the war but leave unresolved key demands from Washington that Tehran halt its nuclear program and reopen the Strait of Hormuz.
US Iran War LIVE: What happened in the last few hours?
- A spokesman for Iran’s foreign ministry, quoted by Iran’s ISNA news agency, said Tehran would communicate its response. US President Donald Trump said he believes Iran wants a deal, Reuters reported.
- “They want to make a deal. We’ve had very good conversations over the last 24 hours, and it’s very possible we’ll get a deal,” Trump told reporters in the Oval Office on Wednesday.
- Earlier in the day, Trump sounded more pessimistic about the chances of a deal. In the Truth Social post, he threatened to restart the US bombing campaign in Iran, calling the possibility of Tehran agreeing to the latest US proposal a “big assumption”.
- News of a potential deal sent global oil prices sharply lower, with benchmark Brent crude futures plunging about 11% to two-week lows near $98 a barrel before rebounding above $100, Reuters reported.
- Global stocks also surged while bond yields fell on hopes that the war, which has disrupted energy supplies, could soon end.
Get live updates of the US Iran War here on Mont!
