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Iran Reviewing US Proposal to End War  05/07 06:06

   Iran said it was reviewing the latest American proposals on ending the war, 
as U.S. President Donald Trump threatened the country with a new wave of 
bombing unless a deal is reached that includes reopening the crucial Strait of 
Hormuz to international shipping.

   DUBAI, United Arab Emirates (AP) -- Iran said it was reviewing the latest 
American proposals on ending the war, as U.S. President Donald Trump threatened 
the country with a new wave of bombing unless a deal is reached that includes 
reopening the crucial Strait of Hormuz to international shipping.

   Hope that the two-month conflict could soon end buoyed international markets 
on Thursday, even as the U.S. military fired on an Iranian oil tanker 
attempting to breach an American blockade of Iran's ports hours earlier. The 
developments followed days of mixed messaging from the Trump administration 
over its strategy to end the war.

   Trump posted on social media that the two-month war could soon end and that 
oil and natural gas shipments disrupted by the conflict could restart. But he 
said that depends on Iran accepting a reported agreement that he did not detail.

   "If they don't agree, the bombing starts," Trump wrote.

   A fragile ceasefir e between the U.S. and Iran has largely held since April 
8. But in-person talks between the two countries hosted by Pakistan last month 
failed to reach an agreement. The war began Feb. 28, when the U.S. and Israel 
launched strikes against Iran.

   Pakistan says it expects a deal soon

   "We expect an agreement sooner rather than later," Pakistan's Foreign 
Ministry spokesperson Tahir Andrabi said Thursday. "We hope the parties will 
reach a peaceful and sustainable solution that will contribute not only to 
peace in our region but to international peace as well."

   But he declined to give a timeline, saying Pakistan would not disclose 
details of the ongoing diplomatic efforts.

   "What I can tell you and this is what I have stated before that we remain 
positive, we remain optimist, and we hope the settlement will be soon rather 
than later," he said.

   Asked whether Pakistan was expecting any response from Iran later Thursday, 
Andrabi said: "I will not comment on specifics or the movement of the messages."

   Pakistan's Prime Minister Shehbaz Sharif, speaking in televised remarks 
Thursday, said Islamabad remained in "continuous contact with Iran and the 
United States, day and night, to stop the war and extend the ceasefire."

   A shifting narrative of the war

   The Trump administration's messaging throughout the Iran war has been 
shifting and often contradictory. This week, the president and his aides 
presented a dizzying narrative over the U.S. strategy to unblock the Strait of 
Hormuz and wrap up the war that drastically changed over the course of mere 
hours.

   Iran has effectively shut the strait, a vital waterway for the shipment of 
supplies of oil, gas, fertilizer and other petroleum products, while the U.S. 
is blockading Iranian ports.

   On Wednesday, a U.S. fighter jet shot out the rudder of an Iranian oil 
tanker in the Gulf of Oman as it tried to breach the American blockade, U.S. 
Central Command said in a social media post.

   Trump suggests U.S. might force a deal with Tehran

   Trump insisted Wednesday that Iranian officials want to end the war.

   "We're dealing with people that want to make a deal very much, and we'll see 
whether or not they can make a deal that's satisfactory to us," the president 
said.

   He suggested the U.S. could ultimately force a settlement.

   "If they don't agree, the bombing starts," Trump said on social media, "and 
it will be, sadly, at a much higher level and intensity than it was before."

   The White House believes it is near an agreement with Iran on a one-page 
memorandum to end the war, according to reporting by the news outlet Axios. 
Provisions include a moratorium on Iranian uranium enrichment, lifting of U.S. 
sanctions, distribution of frozen Iranian funds and opening the strait for 
ships.

   The White House did not immediately respond to questions about the possible 
agreement.

   A spokesman for the Iranian Foreign Ministry, Esmaeil Baghaei, told state TV 
that Tehran had "strongly rejected" U.S. proposals reported by Axios, but that 
it was still examining the latest U.S. proposal.

   US effort to reopen Strait of Hormuz suspended

   Trump has sought to increase pressure on Tehran after suspending on Tuesday 
a short-lived U.S. effort, dubbed Project Freedom, to force open a safe passage 
for commercial ships through the Strait of Hormuz.

   Only two American-flagged merchant ships are known to have passed through 
the U.S.-guarded route after it opened Monday. The U.S. military said it sank 
six Iranian small boats threatening civilian ships.

   Hundreds of merchant ships remain bottled up in the Persian Gulf, unable to 
reach the open sea without passing through the Strait of Hormuz. The strait's 
closure has sent fuel prices skyrocketing, rattled the global economy and put 
enormous economic pressure on countries, including major powers such as China.

   Hapag-Lloyd, one of the world's largest shipping companies, said in a 
statement that the strait's shutdown is costing it around $60 million per week, 
with rising fuel and insurance costs hitting particularly hard.

   On Thursday, the price of Brent crude oil stabilized at around $100 a barrel 
as investors waited to see whether the strait would reopen.

   Meanwhile, French President Emmanuel Macron said Wednesday that France's 
aircraft carrier strike group was moving into the Red Sea in preparation for a 
potential French-British mission to restore maritime security in the Strait of 
Hormuz as soon as conditions allow.

   China's foreign minister called for a comprehensive ceasefire Wednesday 
after meeting in Beijing with Iranian Foreign Minister Abbas Araghchi. Wang Yi 
said his country was "deeply distressed" by the conflict.

   China's close economic and political ties to Tehran give it a unique 
position of influence. The Trump administration is pressing China to use that 
relationship to urge the Islamic Republic to open the strait.

   Iranian envoy visits China ahead of Trump

   Araghchi's visit to China came ahead of a planned trip to Beijing by Trump, 
who is scheduled to attend a high-profile summit on May 14-15 with Chinese 
President Xi Jinping. Trump was the last U.S. president to visit China in 2017.

   Araghchi told Iranian state TV that his visit included discussions about the 
Strait of Hormuz, Iran's nuclear program and sanctions imposed on Tehran.

   Trump has demanded a major rollback of Tehran's disputed nuclear program.

 
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