Washington, Iran has submitted a fresh proposal to the US to end the two-month war as the Strait of Hormuz, the world's key sea route in the Persian Gulf, remains blocked for petroleum trade, local media reported Friday.
No details were immediately available about the new proposal by Iran, which comes amid US President Donald Trump's claims that Iran was dying to make a deal to end the war as its economy was in dire straits after Washington unleashed Economic Fury against Tehran.
The US has blocked shipping to and from Iran through the Strait since the ceasefire was announced on April 8, with oil prices climbing to a wartime high on Thursday to USD 114.70 per barrel.
Treasury Secretary Scott Bessent said that with their oil industry closing and their currency plummeting, it is past time for the Iranian regime to concede that the people of Iran deserve much better than the ruins of their current regime can provide.
The US Treasury Secretary claimed that food and gasoline rationing are in place in Iran, and the entire international community has turned against Tehran.
