Tasnim news agency says Iran has submitted its latest proposal comprising 14 points through Pakistan. State sources say the focus by Iranian leadership is to end the war and build trust. This as Pakistan’s interior minister has extended his Tehran visit for a third day.In this context a source close to the negotiating team reportedly told Tasnim that, unlike their previous texts, Washington agreed in the new text to lift Iran's oil sanctions during the negotiation period. This is a first big sign of progress since the White House reportedly sent five 'counter' conditions to Tehran, which only offered a partial sanctions reduction.Per more from Tasnim: Waiving sanctions means temporarily lifting sanctions.Iran insists that lifting all sanctions on Iran should be part of the US's commitments.However, the US has proposed suspending OFAC until a final understanding is reached.The headline was enough to push oil down, erasing the gains over the weekend...Another blurb via TASS, offering a little more in terms of likely conflicting interpretations and expectations:According to the source, unlike in its previous proposals, the US has agreed in its new offer to suspend oil sanctions against Iran for the duration of the talks. The source noted that Tehran, for its part, insists on the lifting of all sanctions, while Washington is only ready to waive US Treasury sanctions until a final agreement is reached.According to more of the latest headlines via Al Jazeera:Iran’s Foreign Ministry spokesperson says talks between Iran and the US are continuing through Pakistan.He added that Iranian and Omani technical teams met in Oman to negotiate a mechanism for ensuring safe transit in the Strait of Hormuz.Kuwait and Qatar have condemned drone attacks on Saudi Arabia, which officials say originated from Iraqi airspace.The Israeli army says it struck more than 30 targets in southern Lebanon, which it claims were used by Hezbollah to attack Israeli forces.The Israeli navy has seized vessels that were part of the Gaza-bound Global Sumud Flotilla, arresting 100 activists on board.And more developments via Newsquawk:US President Trump warned on Truth Social that the clock is ticking for Iran and that they better get moving fast, or there won’t be anything left for them, and that time is of the essence.US President Trump declined to give a specific deadline for negotiations with Iran and will hold a Situation Room meeting with his national security team on Tuesday to discuss possible options for military action, while he spoke with Israeli PM Netanyahu about the situation in Iran, according to Axios. Trump also stated that he still thinks Iran wants a deal and he is waiting for an updated Iranian proposal, which he hopes will be better than the prior offer. Furthermore, Axios’s Ravid reported that Trump threatened that attacks would resume with greater intensity if the Iranian regime does not come up with a better proposal, while Channel 12’s Kraus posted that President Trump said in a phone call that he thinks the Iranians should be afraid of what’s going on right now.Pakistan shared revised Iranian proposal to end the war with the US on Sunday night, according to Pakistani sources. The course added that "we don't have much time", adding that both countries "keep changing their goalposts".Western sources say the new Iranian proposal includes a commitment of unclear value not to produce nuclear weapons but no mention of uranium or Hormuz, according to Journalist Segal.Iranian Foreign Ministry Spokesperson Baghaei said talks with the US continue through Pakistani mediation. The spokesperson added that they have made great efforts for safe movement and protection of the Strait of Hormuz and are in constant contact with Oman to develop a mechanism. On Uranium, Baghaei said Tehran does not need any party to recognize its right to uranium enrichment and will not discuss during negotiations with the US.Iranian Defence Ministry spokesman Brigadier General Reza Talaei-Nik warned of a regretful response to enemies and said that Iranian armed forces are fully prepared to confront any potential attack by the US and Israeli regime, according to IRNA.Iranian Major General Rezaei said Iran is serious about diplomacy and negotiations, but is more serious about dealing with the aggressor, while he added that the US must now prove its good intentions and that Iranian armed forces are on the trigger as diplomatic efforts continue.Iran said transit through the Strait of Hormuz would flow again once its conflict with the US and Israel is over, although the sides remain far from resolving their differences, according to Bloomberg. In relevant news, three cargo-empty, US-sanctioned tankers reportedly slipped through the US naval blockade in recent days, according to TankerTrackers.com.Israel said it carried out a Gaza strike targeting the de facto head of Hamas's armed wing, while Israel also conducted an airstrike on the towns of Froun, Kfar Hounah and Zawtar al-Sharqiya in southern Lebanon. Furthermore, an Israeli air strike targeted Baalbek, Lebanon and killed an Islamic Jihad commander and his daughter.UAE officials said a drone attack set off a fire near the UAE’s nuclear power station, while it was still investigating the source of the attack.Saudi Defence Ministry said it intercepted three drones launched from Iraq after entering the kingdom’s airspace.* * *While a Pakistani-mediated ceasefire managed to take effect on April 8, subsequent talks in Islamabad completely collapsed, but then President Trump later extended the truce indefinitely, likely to buy time and to figure out "what's next" - while seeking a complete blockade of Iranian oil exports, and of all vessels entering or exiting Iranian ports. Currently the sides are merely trying to get back to the table.
Oil Slides After Iran Says US Agreed To Lift Oil Sanctions During Negotiation Period
...temporarily lifting sanctions...










