Iran to respond to US proposal by Thursday, CNN reports
Iran is expected to give mediators its response to a U.S. proposal to end the war by Thursday, CNN reported, citing a regional source.
The report comes after Axios earlier reported that the U.S. and Iran were nearing a one-page memorandum to end the war and set a framework for more nuclear talks.
Both U.S. and Iranian officials had flagged some progress in Pakistan-brokered negotiations earlier this week, especially after the U.S. paused an operation to restore commercial traffic through the Strait of Hormuz.
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U.S. President Donald Trump also flagged "very good talks" with Iran earlier this week.
Trump paused Hormuz operation after Saudi backlash- NBC
Trump’s abrupt pause on his plan to escort ships through the Strait of Hormuz came after backlash from Saudi Arabia, NBC News reported on Wednesday, citing two U.S. officials.
Trump’s announcement of “Project Freedom” on Sunday afternoon caught the U.S.’ Gulf allies off guard and angered leadership in Saudi Arabia, the report said.
In response, the Kingdom informed the U.S. it would not allow the military to fly aircraft from an airbase southeast of Riyadh, or to fly through Saudi airspace to support the effort.
A call between Trump and Saudi Crown Prince Mohammed bin Salman did not resolve the issue, forcing the president to pause the operation, the NBC report said.
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Other reports said Kuwait had also denied the U.S. use of its bases and airspace for the operation.
Trump had abruptly paused Project Freedom earlier this week after Iran responded with military force to the operation. The U.S. president said that a peace deal with Iran was close, and that a naval blockade against the country remained in place.
The Strait of Hormuz has become a focal point in the war, with Iran having effectively shut the channel since late-February. Hormuz supplies roughly 20% of the world’s crude, with its closure presenting major economic headwinds to Asia.
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The best investments start with better data. Going with your gut has its place, but when excitement masquerades as intuition, it can lead to costly mistakes—or analysis paralysis.
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Iran is expected to give mediators its response to a U.S. proposal to end the war by Thursday, CNN reported, citing a regional source.
The report comes after Axios earlier reported that the U.S. and Iran were nearing a one-page memorandum to end the war and set a framework for more nuclear talks.
Both U.S. and Iranian officials had flagged some progress in Pakistan-brokered negotiations earlier this week, especially after the U.S. paused an operation to restore commercial traffic through the Strait of Hormuz.
Get more breaking updates on Trump and the Iran war by subscribing to InvestingPro
U.S. President Donald Trump also flagged "very good talks" with Iran earlier this week.
Trump paused Hormuz operation after Saudi backlash- NBC
Trump’s abrupt pause on his plan to escort ships through the Strait of Hormuz came after backlash from Saudi Arabia, NBC News reported on Wednesday, citing two U.S. officials.
Trump’s announcement of “Project Freedom” on Sunday afternoon caught the U.S.’ Gulf allies off guard and angered leadership in Saudi Arabia, the report said.
In response, the Kingdom informed the U.S. it would not allow the military to fly aircraft from an airbase southeast of Riyadh, or to fly through Saudi airspace to support the effort.
A call between Trump and Saudi Crown Prince Mohammed bin Salman did not resolve the issue, forcing the president to pause the operation, the NBC report said.
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Real-time Data·09:07:21·USD
1D
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1Y
5Y
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Other reports said Kuwait had also denied the U.S. use of its bases and airspace for the operation.
Trump had abruptly paused Project Freedom earlier this week after Iran responded with military force to the operation. The U.S. president said that a peace deal with Iran was close, and that a naval blockade against the country remained in place.
The Strait of Hormuz has become a focal point in the war, with Iran having effectively shut the channel since late-February. Hormuz supplies roughly 20% of the world’s crude, with its closure presenting major economic headwinds to Asia.
What are the best investment opportunities in 2026?
The best investments start with better data. Going with your gut has its place, but when excitement masquerades as intuition, it can lead to costly mistakes—or analysis paralysis.
InvestingPro combines institutional-grade data with AI-powered insights that you don't need a finance PhD to understand. It won't guarantee winners, but it will certainly help you find more of them, more often.
