The US and Iran were circling around a fresh proposal to end the war on Wednesday, as President Donald Trump searches for an exit from a conflict that has spiked energy prices and damaged his political standing.

The United States and Iran appeared to be moving closer Wednesday to an initial agreement to end the war, as U.S. President Trump sought to pressure Tehran with threats of a new wave of bombing if a deal is not reached.

President Trump’s desire to end the Iran war is being put to the test after Tehran fired at American warships on Monday and violently disrupted a U.S. effort to revive shipping in the Strait of Hormuz.

The four-week ceasefire between the U.S. and Iran faltered Monday as President Donald Trump’s attempts to reopen traffic through the Strait of Hormuz prompted Iranian attacks on U.S. warships and commercial ships.

A ceasefire between Iran and the United States was teetering Monday as the two countries traded fire over the strategic Strait of Hormuz and the United Arab Emirates reported attacks

The plan is an arm’s-length effort to unblock the vital supply waterway that doesn’t involve escorts by U.S. warships.

The United States will launch an effort Monday to 'guide' stranded ships from the Iran-gripped Strait of Hormuz, President Trump said, while offering few details.

Around 2,000 ships have been stranded by Iran's closure of the Strait of Hormuz The US has denied an Iranian media report that one of its warships was struck by Iranian missiles as it tried to enter the Strait of Hormuz.