Iran still reviewing new U.S. peace proposal as Trump predicts war will 'be over quickly': Reports

Senior Iranian official Mohsen Rezaee reportedly said Tehran would not let the U.S. reopen the Strait of Hormuz with "an unrealistic plan."

Iran still reviewing new U.S. peace proposal as Trump predicts war will 'be over quickly': Reports

TL;DR

  • Iran is reviewing messages from the U.S. received through Pakistani mediators.
  • President Trump believes a deal is possible and predicts the war will end quickly.
  • Stock markets reacted to potential de-escalation, but Thursday saw mixed performance.
  • The Strait of Hormuz, crucial for oil shipping, remains a point of contention.
  • U.S. plans to guide ships through the Persian Gulf were paused by Trump amid negotiations, but Saudi Arabia's reported objections may have influenced this.
  • Saudi Arabia and Kuwait have reportedly lifted restrictions on U.S. military use of their bases and airspace.
  • A senior Iranian official stated Tehran will not permit the U.S. to reopen the Strait of Hormuz with an "unrealistic plan" and demands "tangible benefits" from negotiations.