U.S. and Iran Exchange Messages on Proposed Peace Deal

U.S. officials and Iranian representatives are exchanging messages on an updated proposal to end hostilities, according to statements from both sides. Iran's Foreign Ministry spokesperson said the exchange continues based on Iran's 14-point resolution and focuses on ending the war while meeting Tehran's demands. The spokesperson added that talks involve suspicion and good intentions.

Naval Activity in the Gulf Region U.S.

Marines boarded an Iranian-flagged tanker in the Gulf of Oman after it was accused of attempting to violate the naval blockade. Central Command said American forces released the vessel after searching it and directing the crew to alter course. Iran's IRGC Navy reported that 26 vessels, including oil tankers and container ships, transited the Strait of Hormuz in the prior 24 hours in coordination with Iranian authorities.

Shipping data showed two Chinese tankers carrying Iraqi oil exited the strait on Wednesday.

Iran's parliament speaker said U.S. movements show it has not abandoned military objectives and is seeking to start a new war. The speaker added that monitoring of the U.S. situation reinforces the possibility that officials still hope for Iranian surrender.

U.S. officials stated that a deal can be reached but that military action could resume if it is not. Iran has confirmed it is reviewing the proposal but has shown no signs of flexibility on the nuclear issue. " — Iran's parliament speaker, May 20, 2026 (ZeroHedge reporting) Iran's Revolutionary Guards warned that if aggression against Iran is repeated, the war will spread far beyond the region.

The statement said devastating blows would crush the aggressors.

Crude prices fell after reports of progress toward a final draft agreement. Brent crude dropped more than three dollars per barrel while WTI slipped below 100 dollars per barrel. Pakistani officials are facilitating message exchanges between the two sides. Reports indicate the next round of negotiations could occur in Islamabad after the Hajj season.