Pakistan, May 10 -- A fragile calm returned to the Strait of Hormuz on Saturday after days of clashes, yet the United States and Iran remained far from reaching an agreement to end more than two months of conflict. Washington continued waiting for Tehran's response to its latest proposal aimed at formally ending the war before beginning broader negotiations on disputed issues, including Iran's nuclear programme. Meanwhile, concerns over regional stability and global energy security continued growing across international markets.

US Secretary of State Marco Rubio said Washington expected a response from Tehran within hours, but no official reaction emerged from Iranian authorities by Saturday evening. Rubio also met Qatari Prime Minister ...