Iran is reportedly reviewing a new proposal from the United States aimed at ending the ongoing conflict, according to Bloomberg.
This follows earlier indications that Iran intended to present a counteroffer to address U.S. demands.
The move comes amid heightened diplomatic activity, with President Donald Trump having previously mentioned the possibility of a proposal during a Reuters interview.
The potential for a de-escalation in tensions has already begun to influence, with energy and equity markets showing early signs of relief.
Brent crude, which had been under pressure due to regional instability, saw a modest pullback in volatility as the news emerged.
Broader indices also edged higher, reflecting reduced geopolitical risk.