The secretary of state tempered optimism for a deal to end the Iran war, calling Iran's bid to "create a tolling system" in the Strait of Hormuz "not acceptable."

US-Iran peace deal LIVE: According to the report, the two sides are currently exchanging messages and draft texts. An Iranian official earlier told Al Jazeera that negotiators were "very close" to reaching an understanding.

Stay informed on global events with our in-depth world news coverage, bringing you the latest developments across politics, economy, and culture. Discover insights into international affairs, breaking news,

Iran says it's considering the latest U.S. peace offer, as President Trump says he's willing to wait "a couple of days" for a response.

President Trump says that "the clock is ticking" for Iran and warned that if the Iranian regime doesn't come with a better offer for a deal, "they are going to get hit much harder."

US-Iran war news LIVE: Oil prices jumped on Thursday after Reuters reported that Iran's Supreme Leader has issued a directive that the country's near-weapons-grade uranium should not be sent abroad.