Iran receives US response to its latest war-ending proposal
Iran has received an official U.S. response to its latest proposal to end the seven-month war, though officials did not disclose its contents, days after President Donald Trump publicly rejected the offer. Iranian Foreign Minister Abbas Araghchi presented the response to President Masoud Pezeshkian at a Cabinet meeting, following indirect talks in New York. Tehran's proposal included reopening the Strait of Hormuz in exchange for lifting port blockades, releasing frozen assets, and waiving oil sanctions. The U.S. Treasury imposed new sanctions Tuesday on 10 individuals and entities in Iran, Hong Kong, and Pakistan over military supply chain support. Iran's currency hit a record low of 2.5 million rials per dollar, and two men were executed Wednesday for roles in January protests.