U.S. President Donald Trump has indicated a readiness to wait a few more days for a satisfactory response from Iran to a peace proposal, as Tehran reviews the offer.
This development follows earlier dismissals of Iran's own peace overtures by U.S. officials, signaling a potential shift in the diplomatic approach to the conflict.
Markets have been closely watching the situation, with energy prices showing sensitivity to the evolving geopolitical landscape.
The Strait of Hormuz, a critical shipping route, remains a focal point for traders and investors assessing the risk of further disruptions.
The conflict, now in its second month, has drawn international concern over its potential to spill beyond the region.
Recent statements from both sides suggest a cautious but active negotiation process, though no concrete terms have yet emerged.