Iran is evaluating a 10-day ceasefire proposal put forward by mediators, aiming to de-escalate the ongoing conflict with the United States. This comes amidst continued US airstrikes on Iranian cities for the ninth night in a row, and retaliatory attacks by Iran’s Revolutionary Guards on US military assets throughout the region. Maritime tensions are also rising, with two oil tankers exploding while attempting to pass through the strategically vital Strait of Hormuz. Separately, an unknown projectile struck a vessel near Oman’s coastline, further complicating the situation. The proposed truce seeks to revive a previous interim deal, but its acceptance remains uncertain given the continued military actions. The escalating conflict presents significant risks to regional stability and global oil supplies.