Iran’s foreign ministry spokesman Esmail Baghaei confirmed Tehran reviews a U.S. 14‑point proposal and will forward its reply to Pakistan, a pivotal mediator. Earlier, another Iranian official dismissed the plan as a “list of American wishes.”

The U.S. paused a new naval operation in the Strait of Hormuz, citing “great progress” with Tehran, while a U.S. F/A‑18 Super Hornet disabled an Iranian‑flagged tanker attempting to breach the blockade. Energy markets hovered as investors weighed the conflicting signals.

With the Strait controlling roughly one‑fifth of global oil shipments, any shift in the stalled cease‑fire could ripple across supply chains and fuel prices. The current impasse signals continued volatility for shipping firms, energy traders, and consumers worldwide.