Overview
- Tehran, which said Thursday it is still reviewing the latest U.S. proposal, plans to relay its answer through Pakistani mediators.
- Sources say the draft is a one-page, 14-point memo to halt fighting and start 30 days of talks on reopening Hormuz, easing U.S. sanctions, and capping nuclear work.
- U.S. Central Command said Wednesday a fighter jet disabled an Iranian-flagged tanker that tried to breach the port blockade, as the escort mission Project Freedom stays paused.
- President Trump said a deal is “very possible” and warned “the bombing starts” if Tehran refuses, a drumbeat that helped push oil below $100 and lift stocks.
- The strait remains effectively closed, stranding hundreds of ships and inflating costs for crews and cargo owners who cannot move oil, gas, or fertilizer out of the Gulf.