Iran Evaluating US Proposal to End War as China Calls for Peace

Iran is evaluating a new proposal from the US to end their near 10-week war, according to a person familiar with the matter, as China added its voice to global pressure to wrap up the conflict.

Washington’s one-page memorandum of understanding will, if Iran accepts it, lead to the gradual reopening of the Strait of Hormuz and lifting of the American blockade on Iranian ports, according to the person, who asked not to be identified discussing sensitive information. Nothing has yet been agreed, the person said, and detailed negotiations on Iran’s nuclear program will come later in the process.