U.S. and Iran Exchange Proposals to Extend Ceasefire

U.S. " Trump accused Iran of "playing games with the United States, and the rest of the World" in a separate post the same day. Iran had delivered its formal reply to Pakistani mediators earlier Sunday, according to the Islamic Republic News Agency.

U.S. The proposal centered on a potential 14-point memorandum of understanding between the two sides. Iran's response stressed the need for an end to the war on all fronts, including the Israel-Hezbollah conflict in Lebanon, according to Tasnim news agency.

U.S. blockade on Iranian ports, and unfreezing of assets. Iran offered to transfer part of its highly enriched uranium stockpile to a third country and dilute the remainder but refused to dismantle its nuclear facilities, demanding guarantees the uranium would be returned if talks fail, the Wall Street Journal reported.

Points of contention remain centered on when and if nuclear enrichment will be discussed. U.S. proposal included freezing uranium enrichment for a minimum of 12 years and taking it out of Iran.

The two countries have been discussing a 30-day extension to the cease-fire and a reopening of the Strait of Hormuz. A source familiar with the matter told IRNA that the current phase of negotiations is focused exclusively on the cessation of hostilities in the region.

Iran's state broadcaster said the response remained in line with previous positions, including readiness to continue the ceasefire in exchange for reciprocal opening of the Strait of Hormuz and advancing negotiations on ending the war in the region.

U.S. and Iran began on Feb. 28. U.S.

Proposal to end 10 weeks of war, the Islamic Republic News Agency reported. U.S. oil prices jumped 3 percent to $98 a barrel after Trump's statement, BNONews reported. 50 a barrel.

WTI crude oil is forecast to reach as high as $126 a barrel this year, according to Kalshi. U.S. and Iran rejected proposals to end the war. Separately, Russian attacks wounded at least nine people in Ukraine on Sunday, the second day of what was supposed to have been a three-day truce, Ukrainian officials said.

President Donald Trump announced the ceasefire on Friday, saying the two sides had agreed to stop all kinetic warfare for three days and conduct a mutual swap of 1,000 prisoners each. President Donald Trump is set to arrive in Beijing on Wednesday evening to discuss the war on Iran and other issues with Chinese President Xi Jinping, AJEnglish reported.

Senior American officials said Trump will place the Iran issue at the center of his meetings with Xi.