Iran will give mediators its response to a U.S. proposal to end the war by Thursday, per CNN citing regional source.
The proposal follows reports of a near one-page memorandum between the U.S. and Iran to end the war and set a framework for nuclear talks.
The U.S. paused a Strait of Hormuz commercial traffic operation after Saudi backlash; Saudi and Kuwait denied U.S. use of airbases and airspace.
Hormuz handles about 20% of global crude; its closure poses major economic headwinds to Asia.