Iran sends new peace plan to US via Pak; John Sfakianakis decodes impact of West Asia war

Iran has submitted a fourteen-point peace proposal to the United States via back-channel negotiations, seeking a permanent cessation of hostilities, the lifting of economic sanctions, and the reopening of the Strait of Hormuz. While the U.S. shows flexibility regarding Iran's nuclear program, disputes persist over frozen Iranian assets. The ongoing closure of the Strait of Hormuz has triggered a global energy crisis, pushing Brent crude prices above $111 per barrel and causing the United Arab Emirates to exit OPEC. This geopolitical instability has forced the Indian rupee to a record low of 96.35 against the dollar and impacted Indian stock markets. To mitigate domestic fallout, the Indian government has absorbed most oil price hikes, limiting increases in petrol and diesel costs. Simultaneously, the Indian Prime Minister is conducting a five-nation diplomatic tour of Europe and the Gulf to secure supply chains and strategic partnerships. During this visit, the Prime Minister received the highest civilian honors from Sweden and Norway, highlighting India's evolving role in global geopolitics.