The Economic Times

Iran indicates it received official US response to its latest offer on ending war

The US has formally responded to Tehran's recent war proposal, challenging Iranian officials amidst ongoing economic sanctions that severely impact the nation. Traders indicate a notable dip in the value of the Iranian rial. Iranian Foreign Minister Abbas Araghchi has initiated dialogues about the conditions for reopening the crucial Strait of Hormuz. Yet, the Trump administration's relentless economic campaign against Iran poses significant hurdles to negotiations.