U.S. Secretary of State Marco Rubio announced on Friday that the United States is expecting a response from Iran regarding Washington's proposal to end the ongoing conflict.

'We should know something today... we're expecting a response from them,' Rubio stated during an interview.

This development follows earlier reports that Iran intended to submit a proposal aimed at addressing U.S. demands.

According to prior coverage, Iran has been working on a new peace initiative, with President Donald Trump having previously mentioned the country's plans to present a proposal.

The geopolitical implications of this potential response are significant, as the situation in the region continues to draw attention from global markets.

The Strait of Hormuz, a critical shipping route, has been a focal point of recent tensions, with any shift in diplomatic relations between the U.S. and Iran likely to impact energy markets and trade flows.