The conflicting statements on key issues left it unclear if the two sides were any closer to a deal after renewed threats of escalation in recent days

Iran weighs a new US proposal as Trump warns peace talks with Tehran are near breaking point, amid Hormuz tensions, food shock fears and tumbling oil prices.

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.

Oil prices saw a rise on Friday amid doubts about U.S.-Iran peace talks. Investors are concerned about Middle East instability and potential supply disruptions. Despite some…