Day 71 of Middle East conflict — US awaits response from Iran on proposal to end war

Iran warned of a ‘heavy assault’ on US assets in the Middle East if its ships face further attacks in the Strait of Hormuz, escalating tensions. The US is awaiting a response from Tehran on a proposal to end the war, and the ceasefire has yet to yield a major breakthrough on a long-term peace deal. Rising global food prices and the disruption of Iranian energy supplies are impacting the global economy.