Iran issues its own ceasefire proposal, calling for war reparations and sovereignty over Strait of Hormuz, reports AP.

ALSO READ

• Iran's Strategic Warning in Bab al-Mandab

• Market Relief: US-Iran Tensions Ease, Boosting Investor Confidence

• Global Markets Rally Amid Ceasefire Hopes

• France Leads Maritime Security Talks in Strait of Hormuz

• Tense Diplomacy: Iran Mulls US Proposal Amid Gulf Conflict Escalation