The United States is awaiting Iran’s response to a new proposal aimed at ending the war, as diplomatic messages continue to pass through Pakistan, a key intermediary. Iranian officials said they are reviewing the latest American reply to a 14 point plan submitted by Tehran, though another official dismissed a reported proposal as merely a list of American demands. Public statements from both sides have suggested intensified behind the scenes negotiations.

The conflict, now in its third month, has severely disrupted global energy markets. Rival blockades around the Strait of Hormuz have restricted a vital oil shipping route that normally carries about a fifth of the world’s oil supply. The closure has rattled supply chains and driven sharp swings in energy prices, leaving businesses and governments worldwide watching for signs of progress.

Despite talk of diplomacy and a fragile ceasefire, tensions remain high. President Donald Trump has alternated between praising the talks and threatening to escalate military action if Iran fails to meet expectations. Meanwhile, a United States military jet disabled an Iranian flagged oil tanker attempting to cross the American blockade, underscoring the ongoing volatility in the region.