Iran said on Thursday that it is reviewing the latest American proposals on ending the war, as US President Donald Trump threatened the country with a new wave of bombing unless a deal is reached that includes reopening the crucial Strait of Hormuz to international shipping.
Hopes that the two-month conflict could soon end buoyed international markets on Thursday, even as the US military fired on an Iranian oil tanker attempting to breach an American blockade of Iran’s ports hours earlier.
