Iran Proposes 14-Point Peace Plan; Brent Oil Climbs to $114 Amid Hormuz Closure

Iran transmitted a 14-point peace proposal through Pakistan to Washington on April 30, demanding ceasefire within 30 days, lifting naval blockade, unfreezing assets, and establishing new Hormuz mechanisms—relegating nuclear negotiations to secondary priority. While Trump deemed the proposal "better than expected," the US Treasury simultaneously sanctioned six Chinese chemical firms linked to Iran. Brent crude continued climbing to $114.66/barrel as the Strait of Hormuz remains blockaded following the February 28 US-Israel strikes.