Iran has presented a new proposal for negotiations with the United States, mediated through Pakistan, which could potentially revive stalled diplomatic discussions regarding the ongoing conflict. This development comes as the Strait of Hormuz, a vital waterway for global oil and gas transport, remains closed, disrupting approximately 20% of global supplies and pushing oil prices above $100 per barrel. The proposal was delivered late Thursday, but details remain undisclosed, leaving markets anxious about the potential for further escalation. The geopolitical situation is precarious, with both military and economic tensions high since a ceasefire was established on April 8. The US administration is weighing various options, including military strikes and extending the naval blockade, while Iran warns of severe retaliation for any new attacks. As the crisis continues, the implications for global energy markets and the risk of a broader conflict remain significant.