Iran has confirmed it has replied to a US peace proposal, which aims to reopen the strategic Strait of Hormuz and address issues related to Iran's nuclear program. The US proposal, consisting of a one-page memorandum, follows an earlier Iranian proposal that sought to lift blockades affecting oil trade, which have contributed to rising global oil prices. The ceasefire, brokered by Pakistan and effective since April 8, is showing signs of strain due to drone strikes reported in the airspace of the United Arab Emirates and Kuwait, as well as attacks on ships near Qatar. Iran's military remains on high alert, emphasizing the protection of its enriched uranium stockpile as tensions continue to rise. The situation is complicated by ongoing military actions from Israel against Hezbollah in Lebanon, further escalating regional tensions. The future of nuclear negotiations will hinge on critical issues such as the suspension of uranium enrichment and the management of Iran's highly enriched uranium stockpile, which poses a potential risk for nuclear weapon development.