Iran sends new peace proposal to US
Analysis based on 10 articles · First reported May 18, 2026 · Last updated May 18, 2026
The ongoing peace negotiations between Iran and the United States, mediated by Pakistan, directly impact global oil prices due to the potential reopening of the Strait of Hormuz and the lifting of maritime sanctions on Iran. The perceived softening of the United States' stance on frozen funds and nuclear activity could lead to a positive market reaction, while continued regional drone attacks, as seen in the United Arab Emirates and Saudi Arabia, maintain market uncertainty and risk premiums in the energy and shipping sectors.
Iran has sent a new peace proposal to the United States through Pakistan, aiming to end the ongoing war. The proposal focuses on securing a ceasefire, reopening the Strait of Hormuz, and lifting maritime sanctions, deferring nuclear program issues to later talks. While US President Donald Trump previously rejected similar offers, a senior Iranian official indicated a softening of the United States' position, including an agreement to release a quarter of Iran's frozen funds and more flexibility on peaceful nuclear activity under International — International Atomic Energy Agency supervision. However, a US official denied a Tasnim News Agency report about waiving oil sanctions. A fragile ceasefire is currently in place, but talks have stalled, and Donald Trump has warned Iran that 'the Clock is Ticking'. Regional tensions persist, with drone attacks reported in the United Arab Emirates and Saudi Arabia, which Pakistan condemned.
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