India, April 6 -- Iran's Revolutionary Guards said on Sunday that they were finalising plans to enforce new rules in the Strait of Hormuz. The statement came before the United States and Iran received proposals aimed at ending the conflict, which call for an immediate to all fighting.

Iran has restricted movement through the waterway since the war began on February 28, affecting nearly 20 per cent of global oil and gas supply. Follow US-Iran war live updates here.

"The IRGC naval force is completing operational preparations for the Iranian authorities' #declared_plan for the new Persian Gulf order," the Guards naval forces said in a post on X on Sunday.

They said conditions in the Strait "will never return to its former status, especia...