Iran Sends New Proposal to US for Negotiations to End War
Tehran submitted a proposal to Washington via Pakistani mediators to end the war. Oil prices eased as markets weighed the potential for a diplomatic resolution.
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Iran submitted a new proposal to the United States via Pakistan to end their ongoing war. Global oil prices for Brent Crude Oil eased but remain well above $100 a barrel following the submission on Thursday. A resolution could reopen the Strait of Hormuz, which currently chokes off 20% of global energy supplies including Natural Gas. The war has killed thousands, mainly in Iran and Lebanon.
