Peace efforts stall as US examines latest Iran proposal

Efforts to end the Middle East war appeared at a standstill on Tuesday, with the US considering Tehran’s latest offer to unblock the Strait of Hormuz, and Iran saying Washington could no longer dictate terms. Iran has blockaded the waterway — a vital conduit for oil and gas shipments — since the start of the US-Israeli offensive two months ago, sending shockwaves through the global economy.