U.S. Sends 15-Point Iran Proposal Via Pakistan as Tehran Denies Talks

Overview

• Iran fired waves of missiles at Israel on Tuesday, with Israeli officials reporting injuries and damaged residential buildings in Tel Aviv after several impacts and interceptions.
• President Trump said Monday he ordered a five-day pause on strikes after what he called very good and productive talks, while senior Iranian figures, including parliament chief Mohammad-Bagher Ghalibaf, publicly denied any negotiations and labeled the claims fake news.
• The New York Times reported that Washington delivered a 15-point plan to Tehran through Pakistan’s army chief Syed Asim Munir, with proposals to curb uranium enrichment, limit missile reach, and reopen the Strait of Hormuz, and Israeli media cited a possible 30-day ceasefire under discussion.
• Energy markets swung on the mixed signals as Brent crude dropped more than 10% after Trump’s pause announcement then rebounded above $100 on Tuesday, and the IEA’s Fatih Birol warned of an energy crisis worse than the 1970s oil shocks.
• Escalation risks grew as the U.S. and Israel kept striking targets in Iran and Lebanon and Bloomberg reported Gulf states could enter the war if Iran hits power or desalination plants that millions rely on for water.