India, Sept. 29 -- Iran is awaiting a formal response from the United States on its proposal for a seven-day ceasefire and the phased reopening of the strategically vital Strait of Hormuz, even as Washington imposes fresh sanctions on individuals and companies accused of supporting Tehran's military procurement network., CBS News reported.

Iran expects formal US response

Iranian Foreign Minister Abbas Araghchi said Tehran expects Washington to convey its response through Qatari mediators on Tuesday.

The plan is linked to conditions Iran says were included in an earlier memorandum of understanding that collapsed.

Tehran has tied progress to measures including sanctions relief, access to frozen Iranian assets and an end to the US naval ...