World

Iran examines latest US peace proposal as Trump signals 'final stages' of peace talks

Iran’s Revolutionary Guards warned Wednesday: “If the aggression against Iran is repeated, the promised regional war will this time spread far beyond the region.”

The Trump administration is under pressure as rising energy costs bite at home.

While the ceasefire halted fighting, it has not reopened the vital Strait of Hormuz.

Iran’s navy said it allowed 26 vessels to transit the strait over 24 hours following “coordination”.

Meanwhile, the United States has maintained its own blockade on Iranian ports, with US Central Command stating Marines boarded and redirected an Iranian-flagged oil tanker on Wednesday.

The UN’s Food and Agriculture Organisation has warned of a “severe global food price crisis” due to the ongoing closure of the strait, which handles a third of global fertiliser.

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