Iran submits proposal to end war in current negotiation phase

FXStreetMay 10, 2026 1:41 PM

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Iran has sent its response to the United States (US) proposal via Pakistan on Sunday, according to the Islamic Republic News Agency (IRNA).

Sources familiar with the matter and as reported by Reuters, the current efforts are aimed at a temporary memorandum of understanding to halt the war and allow traffic through the Strait of Hormuz while they discuss a fuller deal, which would have to address tougher issues, such as Iran’s nuclear program.

This is a developing story

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