Earlier, the oil prices soared after reports from Iranian media claimed that two missiles hit an American ship as it tried to enter the Strait of Hormuz. The brent crude hit $114, which was 5% up on its opening. However, the US Navy denied that any of its ships were targeted.

In a post on X, Centcom says “No US Navy ships have been struck”. It adds: “US forces are supporting Project Freedom and enforcing the naval blockade on Iranian ports.”

Iran had warned US forces on Monday not to enter the strategic waterway after President Donald Trump said the United States would “guide out” ships stranded in the Gulf by the US-Israeli ​war ​on Iran.

US President Donald Trump has launched Project Freedom, a naval mission to escort stranded ships out of the Strait of Hormuz starting within hours, which top Iranian lawmaker Ebrahim Azizi says would violate the ceasefire if carried out. Iran’s Foreign Ministry is reviewing Washington’s response to its 14-point peace proposal that Trump called “unacceptable,” while Israel continues bombing Lebanon, wounding five medics, and expanding control in Gaza with a new “Orange Line.”

Iran-US war ceasefire: Key developments today

• Iran has submitted a 14-point proposal to the US, seeking guarantees of non-aggression and an end to hostilities across multiple fronts, including Lebanon.
• The proposal also calls for the lifting of a US naval blockade, a major sticking point in the conflict.
• The Islamic Revolutionary Guard Corps (IRGC) has warned it is prepared for a resumption of war, saying renewed hostilities are “likely”.
• The IRGC accused the US of failing to honour agreements, casting further doubt over diplomatic progress.
• Israeli strikes in Lebanon continue, with casualties rising and a Catholic building reported damaged in Yaroun, as the death toll since March 2 reaches 2,659.

Stay with The Indian Express Global Desk for real-time updates, geolocated footage of the crash sites, and live reactions from the Pentagon and Tehran.