Iran said the latest proposal from the US has partly bridged the gap between the warring sides, as they seek to turn a fragile ceasefire into a peace deal.

Iran is said to have made or reiterated some concessions but source in mediator Pakistan appears pessimistic

The US rejected Iran's latest peace proposal as Trump called the ceasefire 'on life support.' Here's what the Strait of Hormuz standoff means for markets and crypto.

Iran said the latest proposal from the US has partly bridged the gap between the warring sides, as they seek to turn a fragile ceasefire into a peace deal. Tehran is in the…