Iran Reviews US Strait of Hormuz Counterproposal as Rial Drops to Record Low

Iran is reviewing a US counterproposal for a ceasefire deal while terms concerning the Strait of Hormuz remain unclear, network KBOI reported.

Meanwhile, news website Pluang reported that Tehran received the United States' reply regarding an agreement over the Strait of Hormuz. The report comes as the Iranian rial plunged to a record low against the US dollar.

Further official details regarding the specific terms of the American proposal or Tehran's stance on the framework have not yet been released.