Iran said on Wednesday it was reviewing a US peace proposal that sources said would formally end the war while leaving unresolved the key US demands that Iran suspend its nuclear program and reopen the Strait of Hormuz.

US crude oil prices fell further after President Donald Trump signalled a possible deal to end the Iran war. Brent dropped more than 6% to about $103 a barrel, while US crude slid nearly 7% to around $95,

US president says he will briefly pause Project Freedom after just one day

"After Hasna's crew failed to comply with repeated warnings, US forces disabled the tanker's rudder by firing several rounds from the 20mm cannon gun of a US Navy F/A-18 Super Hornet launched from USS Abraham Lincoln (CVN 72)," the CENTCOM post on X said.

US Iran war LIVE: If the resolution were to pass, it could lead to sanctions against Iran, and potentially authorize force, if Tehran fails to halt attacks.

Negotiations between Washington and Tehran are reportedly advancing towards a preliminary accord aimed at halting the current crisis and establishing a framework for expansive nuclear talks.

Donald Trump's team believes it is 'closest' it has ever been to a peace deal with Iran, which would reportedly see both sides lifting restrictions on transit through the Strait of Hormuz

Diplomatic momentum and military pressure are moving in parallel as the US and Iran edge closer to a potential agreement to end the war, even as key differences remain unresolved. Both sides are discussing a short memorandum that could halt hostilities and open a 30-day window to address nuclear limits,

Trump pauses 'Project Freedom'.