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Bloomberg: Iran evaluating US peace proposal, expects to respond within two days

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Iran is reportedly evaluating a new US peace proposal to end the nearly 10-week conflict and is expected to respond within two days through Pakistan as a mediator. The proposal includes a one-page memorandum of understanding (MOU) that, if accepted, would lead to a gradual reopening of the Strait of Hormuz and lifting of US sanctions on Iranian ports. However, a semi-official Iranian news agency reported that Iran has rejected "excessive and unrealistic proposals."

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