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Tehran submits response to US peace proposal as crypto markets brace for volatility

Tehran submits response to US peace proposal as crypto markets brace for volatility

Iran formally submitted its response to a US peace proposal on May 10, routing it through Pakistani mediators after missing a US-anticipated deadline of May 8. The reply centers on what Tehran calls the “cessation of hostilities in the region,” according to Iran’s state-run IRNA news agency, though neither side has disclosed the substance of the response.

Iran accused Washington of violating the existing ceasefire, including alleged attacks on Iranian tankers near the Strait of Hormuz. Iran’s Foreign Minister Abbas Araqchi has publicly accused the US of a “reckless military adventure” that he says is undermining the negotiation process. The Islamic Revolutionary Guard Corps (IRGC) has gone further, threatening a “heavy…

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