Iran Receives U.S. Response to Proposal Ending Seven-Month War

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. The response was presented to President Masoud Pezeshkian at a Cabinet meeting, where he emphasized a "win-win strategy" for any agreement. Foreign Minister Abbas Araghchi briefed the Cabinet after returning from U.N. talks in New York, where indirect discussions with U.S. officials and mediators covered Iran's conditions for reopening the Strait of Hormuz. These included lifting the U.S. blockade, releasing frozen assets, and waiving oil sanctions, despite President Trump's public rejection of the offer. The U.S. Treasury announced new sanctions targeting ten individuals and entities in Iran, Hong Kong, and Pakistan as part of "Operation Economic Outcast." Iran's currency hit a record low of 2.5 million rials to the dollar, and two men were executed for violence during January protests.