Iran reviewing US proposal as Trump pressures Tehran on deal to end war

Cargo ships sit at anchor in the Strait of Hormuz (Amirhosein Khorgooi/ISNA/AP)

Iran has said it is reviewing the latest American proposals on ending the war, as US President Donald Trump threatened the country with a new wave of bombing unless a deal is reached that includes reopening the crucial Strait of Hormuz to international shipping.

Hope that the two-month conflict could soon end buoyed international markets on Thursday, despite the US military firing on an Iranian oil tanker attempting to breach an American blockade of Iran’s ports on Wednesday.