Iran sends response to US war-ending proposal via Pakistan
Iran has delivered its response to the US war-ending proposal through Pakistani mediators, state agency IRNA reported. According to Tehran's framework, talks would focus exclusively on halting hostilities in the region.
Iran's state news agency IRNA said Tehran has delivered its response to the US proposal aimed at ending the war, with Pakistan acting as mediator. A source familiar with the matter told the agency that Iran wants any negotiations to focus exclusively on the cessation of hostilities in the region.
The development arrives as tensions persist around the Strait of Hormuz, where US and Iranian forces have exchanged fire in recent weeks and global oil prices have climbed. CNBC reported that a tanker crossed the strait around the same time the diplomatic exchanges were taking place.
The Trump administration has not publicly disclosed the contents of Iran's reply. Pakistan has emerged as the principal back-channel for indirect contacts between Tehran and Washington in recent months. A fresh round of talks is expected to take place in Islamabad next week.
More from North America
Goldman warns Big Tech's AI bill is squeezing S&P 500 buybacks
Goldman Sachs expects S&P 500 share buybacks to grow only 3% this year, citing the cost burden of AI infrastructure and a softer macro backdrop. Big Tech's capex commitments are forcing companies to rethink shareholder payouts, the bank said.
Tanker crosses Strait of Hormuz as Washington awaits Iran's response
An LNG tanker crossed the Strait of Hormuz for the first time since the recent Iran clash, offering a psychological reprieve for energy markets as Washington waits on Tehran's reply to its peace proposal. The White House is trying to keep the ceasefire framework alive while crude prices stay cautious.
GameStop makes $55.5bn takeover offer for eBay
GameStop CEO Ryan Cohen announced a $55.5 billion takeover offer for eBay, seeing potential to make it a much bigger rival to Amazon.