Iran US News Live Updates: A senior Iranian Foreign Ministry official has confirmed that Tehran received a US proposal via mediators and is reviewing it, according to CBS News. Catch LIVE updates with

Oil prices dropped sharply and stocks in Asia jumped on Tuesday as investors reacted to signals of a possible de-escalation of the war in the Middle East.

“The kingdom of Saudi Arabia has always supported a peaceful resolution to this conflict, even before it began,” the Saudi government said in a statement, as quoted by the outlet.