Iran Reviews American Peace Proposal

Iran said it is reviewing a peace proposal from the United States aimed at ending the war, while President Trump described recent talks as 'very good' and said there was no deadline to resume military action. Despite mixed public messages and no formal agreement, oil prices fell after earlier spikes tied to shipping disruptions in the Strait of Hormuz, though energy costs are expected to remain high.

In the United States, gasoline prices rose to a national average of $4.54 per gallon, hitting lower-income Americans the hardest. In Iran, economic strain is mounting, with limited oil storage capacity adding pressure. Meanwhile, tensions continued in the strait after a United States Navy aircraft disabled an Iranian-flagged tanker attempting to cross a blockade.

Separately, the Justice Department sued Colorado over its ban on high-capacity ammunition magazines, arguing it violates the constitutional right to bear arms. The administration also filed a lawsuit against Denver over its longstanding prohibition on assault weapons.

In other major developments, media entrepreneur Ted Turner, founder of Cable News Network, died at 87. New evidence suggests that a recently approved treatment for a rare genetic form of amyotrophic lateral sclerosis is helping some patients improve or slow the disease's progression, offering rare hope against a condition that typically leads to steady decline.