Iran has collected a ‘pittance’ of less than $1.3 million in Hormuz tolls, Bessent says, as currency dives to fresh record low

Iran’s latest proposal to the United States calls for issues between the countries to be resolved within 30 days and aims to end the war rather than extend the ceasefire, according to Iran’s state-linked media. President Donald Trump on Saturday said he was reviewing a new Iranian proposal but expressed doubt it would lead to a deal, adding on social media that “they have not yet paid a big enough price for what they have done to Humanity, and the World, over the last 47 years” since the Islamic Revolution there. Iran’s 14-point proposal, a rebuttal to a U.S. nine-point plan, also calls for the U.S. lifting sanctions on Iran, ending the U.S. naval blockade of Iranian ports, withdrawing forces from the region and ceasing all hostilities, including Israel’s operations in Lebanon, according to the semiofficial Nour News and Tasnim agencies, which have close ties to Iran’s security organizations. There was no mention in those reports, however, of Iran’s nuclear program and its enriched uranium, long the central issue in tensions with the U.S. and one that Tehran would rather address later. Iran sent its reply via Pakistan, which hosted face-to-face talks last month between Iran and the United States. Pakistan’s prime minister, foreign minister and army chief continue to push negotiations and encourage the U.S. and Iran to speak directly, according to two officials in Pakistan who spoke on condition of anonymity because they were not authorized to speak to the media. The fragile three-week ceasefire appears to be holding, though Trump on Saturday told journalists that further strikes remained a possibility. Also on Sunday, Iranian Foreign Minister Abbas Araghchi spoke with Oman’s Foreign Minister Badr al-Busaidi, who oversaw previous rounds of talks between the U.S. and Iran before the war. Iran stands firm on Strait of Hormuz Trump has offered a plan to reopen the Strait of Hormuz at the mouth of the Persian Gulf, where about a fifth of the world’s tra