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The Economic Times

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Calm holds around Strait of Hormuz as Iran sits on US peace proposal

A fragile calm has settled around the Strait of Hormuz. The United States is awaiting Iran's response to proposals aimed at ending recent clashes and initiating peace talks. Sporadic skirmishes occurred Friday, but the situation has since eased. However, Iran has not yet signaled its decision on the US offer. The US military reported striking Iranian-linked vessels.

10 May 2026 5:30 am