Live updates: Iran and US receive proposal for 45-day ceasefire, reopening of Strait of Hormuz

Iran and the United States received a draft proposal on Sunday calling for a 45-day ceasefire and the reopening of the Strait of Hormuz, The Associated Press reported, citing two Mideast officials speaking on condition of anonymity.

According to the AP, the proposal comes from Egyptian, Pakistani and Turkish mediators hopeful that the 45-day window would provide ample time for talks to reach a permanent ceasefire. Iran and the U.S. have not responded to the proposal.

The AP noted that the head of intelligence for Iran’s paramilitary Revolutionary Guard was killed Monday in an attack targeting him, according to Iranian state media. The Israeli military later confirmed to the AP that the airstrike that killed Maj. Gen. Majid Khademi took place in Iran’s capital Tehran.

The conflict has already killed more than 1,900 people in Iran and dozens more across the broader region, as tensions steadily escalate and the scope of the war widens.

President Donald Trump has stepped up his threat to hit Iran's critical infrastructure hard if it doesn’t reopen the Strait of Hormuz by his Tuesday deadline.

Trump continued with his threat in a social media post, saying Tuesday will be "Power Plant Day, and Bridge Day, all wrapped up in one, in Iran."

Meanwhile, new developments included a high-risk U.S. rescue operation inside Iran to recover a downed F-15 airman, underscoring the increasingly complex and dangerous nature of the conflict.

A boy carrying a teddy bear holds his father's hand while visiting the site of last month's missile strike on April 5, 2026 in Beit Shemesh, Israel. (Photo by Alexi Rosenfeld/Getty Images)

Here is the latest on Monday.

US stocks hold steady while crude oil prices waver ahead of Trump’s Iran deadline

10 a.m. ET: The Associated Press reported that the U.S. stock market is making only hesitant moves, while oil prices are unsettled as officials try to proceed on a ceasefire agreement ahead of a deadline President Donald Trump has set to bomb Iranian power plants.

According to the AP, the S&P 500 rose 0.1% in early trading Monday. The index is coming off its first winning week in the last six. The Dow Jones Industrial Average slipped 107 points, and the Nasdaq composite rose 0.4%.

Oil prices flipped between gains and losses as uncertainty continued about what will happen in the war with Iran and how long it will slow the flow of oil and natural gas.

Israeli military and Mossad helped rescue downed American airman in Iran, Huckabee says

8:30 a.m. ET: U.S. Ambassador to Israel Mike Huckabee wrote in a social media post on Monday that Israel’s military and Mossad secret service had assisted in the U.S. effort to rescue an airman whose plane was downed by Iran.

The Associated Press noted that Huckabee thanked Israel for helping the U.S. military and intelligence agencies in the post to X.

Israeli officials have said Israel provided support, including intelligence, in the rescue, but troops weren’t actively involved on the ground.

Iranian media says attacks target South Pars natural gas field

7:15 a.m. ET: The Associated Press reported that attacks targeted facilities Monday at Iran’s South Pars natural gas field, Iranian media outlets reported.

The semiofficial Fars news agency and the judicary’s Mizan news agency both reported the attack, blaming the U.S. and Israel.

Neither country immediately claimed any attack at Asaluyeh in Iran’s southern Bushehr province.

Iran condemned the first Israeli strike on South Pars in March, with Iranian President Masoud Pezeshkian warning of "uncontrollable consequences" that "could engulf the entire world." The attack on South Pars saw Iran increasingly target Gulf Arab oil and natural gas sites.

U.S. President Donald Trump has warned of possible attacks on power plants and bridges this week if the Strait of Hormuz is not opened.