Iran's Foreign Ministry said mediators had presented "proposals" to Tehran, signalling that diplomatic contacts remain active, but gave no details. Oil prices rose briefly after the Houthi statement but later fell back as traders held out hope of a diplomatic breakthrough. Iran had been pressing the Houthis to close the Bab el-Mandeb ‌gateway to the Red Sea if the U.S. continued to attack Iranian power infrastructure. Advertisement AdvertisementAdvertisement AdvertisementA ⁠full closure of the strait would reduce global oil supply by 7% as it would leave most of Saudi oil exports unable to leave the region. Advertisement AdvertisementAdvertisement AdvertisementIn Iran, explosions were reported in Tabriz, Chabahar, Konarak, Bandar Mahshahr and Bandar Imam Khomeini.