U.S. Treasury Secretary Scott Bessent says he expects global oil prices to drop significantly as President Donald Trump reviews a new 14-point Iran peace plan to end the ongoing war. CTV’s Natalie van Rooy reports that Iran is demanding the withdrawal of American forces, the release of frozen assets, and a new control mechanism for the Strait of Hormuz. Trump has warned that military strikes remain a possibility if Iranian forces ‘misbehave’ during the ceasefire period. Meanwhile, U.S. Secretary of War Pete Hegseth says the 60-day congressional deadline for military action is currently paused.
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