Iran is expected to respond on Thursday to a US proposal aimed at ending the ongoing war. This response is significant as it could shape future diplomatic relations and influence regional stability amidst high tensions, particularly regarding the Strait of Hormuz. The negotiation process involves Iran reviewing the US proposal, which reportedly includes a 14-point memorandum addressing key issues such as Iran's nuclear program and sanctions relief. Following this review, internal deliberations will occur within Iran, culminating in a formal communication of their stance through diplomatic channels, potentially involving mediators like Pakistan, as indicated by Iranian officials. The potential benefits of a favorable response from Iran include the possibility of peace, which could end hostilities and lead to economic stabilization for the country. A successful outcome may result in the lifting of sanctions and a revitalization of oil exports, positively impacting Iran's economy and international relations. Moreover, this could reduce global tensions, especially concerning oil supply routes through the Strait of Hormuz, where significant oil trade occurs. However, there are limitations to consider, particularly the internal political divisions within Iran that may complicate a unified response. Previous negotiations have collapsed at critical moments, raising concerns about the feasibility of reaching a lasting agreement.