Iran Rejects Ceasefire Proposal, Calls US Talks ‘Illogical’

  • Iran rejected a ceasefire proposal and called US talks “illogical,” according to the nation’s semi-official news agency Fars
  • The US had tabled a 15-point plan which covers sanctions relief, civilian nuclear cooperation, a rollback of Iran’s nuclear program, missile limits and access for shipping through the Strait of Hormuz, according to AP
  • Iran has kept up attacks on Arab Gulf states and Israel overnight, with were no reports of casualties in any of the incidents
  • Vessels seeking to transit the Strait of Hormuz under Iranian protection are being asked to provide lists of crew and cargo, along with voyage details and bills of lading
  • Oil prices slumped, with Brent crude below $100 a barrel. It remains on track for a substantial monthly surge