Iran Responds to US Peace Plan as Tanker Crosses Strait

Iran sent its response to a U.S. peace proposal as a Qatari gas tanker crossed the Strait of Hormuz. Regional states also reported intercepting hostile drones.

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Iran submitted a formal response to a United States peace proposal on Sunday, marking the first major diplomatic opening since the war began February 28. The move coincided with the first shipment of liquefied natural gas passing through the blockaded Strait of Hormuz in over two months. Reopening this waterway is critical for global markets as it previously carried 20% of the world's oil supply.

Relief for Energy Markets as Tanker Passes

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