According to Al Jazeera, Iran has submitted a seven-day proposal to the U.S. through mediators, suggesting a halt to hostilities on all fronts, unfreezing Iranian assets, lifting oil sanctions, and ending the maritime blockade. On the seventh day, the Strait of Hormuz would be reopened, and nuclear negotiations would commence. U.S. State Department spokesperson Tommy Pigott just stated that the door to diplomacy remains open, but the U.S. conditions and goals have not changed. Any agreement must be based on concrete actions. He also mentioned that the U.S. is implementing economic measures to cut off the Iranian government's funding sources, with the core goal still being to prevent Iran from obtaining nuclear weapons. Trump said today that he has discussed the Iran war with Xi Jinping. When asked whether progress would be made on reopening the strait, he responded, "I think we’ll do very well." During Xi Jinping's visit to the U.S., he stated that China advocates respecting the sovereignty and security of all nations, supports the U.S. and Iran in returning to the Islamabad Memorandum of Understanding, resuming dialogue and negotiations, and reaching a comprehensive agreement on nuclear issues and other topics to promote an early end to the war. Oil prices are down. One @Gate, trade more markets.