Live Updates: Iran offers new proposal for talks with U.S. to end war as standoff's costs multiply

Wall Street stocks rose early Friday, boosted by strong Apple results and a pullback in oil prices on hopes for new U.S.-Iran peace talks. 

Apple shares jumped more than 4% as it reported its best results ever for a March quarter. Apple iPhone sales grew by double digits in just about every country where it does business.

More broadly across large companies, the first-quarter "earnings growth rate has blown past expectations," said Briefing.com analyst Patrick O'Hare.

About 20 minutes into trading the Dow Jones Industrial Average was up 0.3 percent at 49,774.73. The broad-based S&P 500 gained 0.5 percent to 7,248.17, while the tech-rich Nasdaq Composite Index jumped 0.7 percent to 25,076.36.

Oil prices dipped as Iranian state media reported that Iran had delivered a new proposal for peace talks with the U.S. via Pakistani mediators. A barrel of international benchmark Brent crude was trading at about $107 Friday morning, after briefly touching $126 a barrel on Thursday when there was no sign of peace talks even possibly resuming.

Oil prices have fluctuated since the war began, but they remain significantly higher than they were before the conflict erupted. Stocks, however, have remained resilient despite the war and the closure of the Strait of Hormuz.

"The market remains resolute in its belief that the Iran War and the blockade will end without creating long-lasting damage to the global economy." O'Hare said. 

CBS/AFP

Hezbollah and the Israeli military both announced new operations in southern Lebanon Friday. 

Both sides claimed to have carried out their attacks in response to ceasefire violations by the other.

"In response to the Israeli enemy's violation of the ceasefire and the attacks that targeted villages in southern Lebanon, resulting in the death of martyrs and several injuries among civilians, fighters of the Islamic Resistance targeted, at 13:15 on Friday 01-05-2026, a military vehicle in the town of Al-Bayyada using a strike drone, achieving a confirmed hit," Hezbollah said in one of several statements announcing purported attacks on Israeli soldiers and military hardware in southern Lebanon.

Israel Defense Forces spokesman Avichay Adraee, in his latest notice to Lebanese civilians issued via social media, warned residents in the southern village of Habboush to flee their homes ahead of looming strikes. 

"In light of the terrorist Hezbollah party violating the ceasefire agreement, the Defense Army is compelled to act against it forcefully and does not intend to harm you," Adraee said in the Arabic language post. "Out of concern for your safety, you must evacuate your homes immediately and move away from the village for a distance of no less than 1000 meters to open areas. Anyone present near Hezbollah elements, their facilities, and their combat means exposes their life to danger!"

Israeli forces have ordered the evacuation of scores of southern Lebanese towns and villages over the last two months, displacing more than 1 million people, according to Lebanese authorities. 

The IDF says Israeli forces will continue occupying a section of southern Lebanon stretching from the northern Israeli border at least six miles into Lebanese territory until the Hezbollah threat is completely removed. 

Pakistani officials told CBS News on Friday that a revised Iranian response to the latest U.S. terms to end the war had been conveyed to American officials, confirming Iranian state media reports that Iran had offered a new proposal to at least hold a second round of direct peace talks.

The Pakistani officials said Tehran had delivered to the U.S. through Pakistani mediators a revised response to the latest U.S. amendments on an agreement to end the war.

The previous Iranian offer had attempted to push any discussion on nuclear issues to a later date, which President Trump rejected. 

The Pakistani officials expressed optimism that a deal could be nearer than it was before Iran made its new offer. 

Iran has delivered a new proposal for talks with the United States via mediator Pakistan, state media reported Friday.

"The Islamic Republic of Iran delivered the text of its latest negotiating proposal to Pakistan, as the mediator in talks with the United States, on Thursday evening," the official IRNA news agency reported, without elaborating.

The head of the International Affairs Office of Iran's Assembly of Experts leadership institution, Mohsen Qomi, offered a new insight Friday on the Islamic Republic's Supreme Leader Ayatollah Mojtaba Khamenei, who survived the Feb. 28 U.S. or Israeli strike that killed his father and predecessor, Ali Khamenei. 

Quomi confirmed that the younger Khamenei was wounded in the strike, which U.S. officials say may have left him severely incapacitated, but he claimed the supreme leader was "in full health" and carrying out his duties. 

Khamenei has not been seen or heard from directly since he was announced as his father's successor.

"He was in the building at the time, the same building that was bombed and where those inside were martyred. A few minutes earlier, by coincidence or by divine will, he had gone into the courtyard, and God intended him to be spared," Qomi said in a video published by Iran's Fars news agency. "I assure you that despite the injuries he sustained there — God Almighty preserved him."

Qomi dismissed questions about Khamenei's condition as deliberate efforts by the U.S. to create uncertainty and pressure on the regime.

"This is a tactic of the enemy, trying to say: why is he not present? Why does he not send an audio message? Why does he not send a video message? Why do those who have met him not come forward to report it? They want, through these 'whys,' to force us into reactions while they continue their own plans," said Qomi, adding: "He is in full health and is managing affairs. He is overseeing both negotiations and field matters under his supervision, and recently he also gave some instructions to the negotiating team regarding what they should do under certain conditions. He has full oversight over these issues."

The statement did not offer any new evidence to back up the assertion that Khamenei is leading the country. So far, only written statements attributed to him have been offered by the regime since he was announced as the supreme leader.

Israel's military said Friday that it had destroyed "more than 40 Hezbollah infrastructure sites" in a single day of strikes in Lebanon.

The strikes "across various areas in southern Lebanon" hit targets including "command centers where terrorists were present, military structures, and additional terrorist infrastructure," the Israel Defense Forces said in a statement.

The IDF said it would "continue to operate against threats directed at Israeli civilians and IDF soldiers" amid the ongoing ceasefire between the Israeli and Lebanese governments brokered by the Trump administration, which Hezbollah and Israel have accused each other of violating repeatedly.

Iran's Foreign Ministry spokesman Esmail Baqaei decried the Trump administration's characterization of the joint U.S.-Israeli war against his country as an act of self-defense in a social media post on Friday, highlighting part of a U.S. State Department statement that lays out a legal basis for the war.

That April 21 statement from State Department legal adviser Reed Rubinstein says, in part, that the U.S. "is engaged in this conflict at the request of and in the collective self-defense of its Israeli ally, as well as in the exercise of the United States' own inherent right of self-defense," citing the threat of Iran's conventional missile stockpile and a need to ensure Iran "will never have nuclear weapons."

"'Self-defense' against what?," Baqaei asked in his post on Friday. "Was there any 'armed attack' by Iran to justify 'self defense'? Definitely not! So this was absolutely NOT 'self-defense' — it was an act of AGGRESSION against the nation of Iran."

"They are constantly repeating 'nuclear bomb' and are misleading the entire world with this claim," said Baqaei separately in an interview Friday on Iranian state television. "For 30 or 40 years, the other side has been claiming that Iran is seeking a nuclear bomb, but there is no such thing, and no one has found even the slightest evidence for it."

Iran has always denied efforts to build a nuclear weapon. While Tehran ramped up its enrichment program in response to President Trump pulling the U.S. unilaterally out of the 2015 international nuclear agreement, gaining its first 60%-enriched uranium stockpile, the U.N.'s International Atomic Energy Agency said just before the current war started that there was no indication of any effort by Iran to try and build a weapon.

Dozens of activists on a Gaza-bound aid flotilla which was intercepted by Israeli forces in international waters off Crete disembarked Friday on the Greek island, an AFP journalist saw.

Israel's foreign ministry earlier said around 175 activists had been taken off more than 20 boats on Thursday. 

Global Sumud Flotilla (GSF) organizers put the number at 211, and condemned the Israeli interception of its vessels in international waters as "piracy," arguing that its members were "abducted" by Israeli naval forces.

CBS/AFP

A senior Iranian military commander responded Friday to reports that President Trump has been briefed on plans for a potential new wave of strikes on Iran by warning that any new attack would be met with a "sustained, wide-ranging, and painful retaliation."

"We will respond to any enemy operation — whether it is a short, sudden strike or otherwise — with sustained, wide-ranging, and painful retaliation," Brigadier General Seyed Majid Moosavi, commander of the powerful Islamic Revolutionary Guard Corps' aerospace force, said in a statement posted on social media.

Axios reporter Barak Ravid reported that Mr. Trump was briefed for 45 minutes on Thursday by top military commanders on "new operational plans for potential strikes against Iran," citing two senior American officials. 

He said previously that the options would include a wave of "short and powerful" strikes on Iran, including against infrastructure sites.

Neither the Pentagon nor the White House have confirmed the Axios reports. President Trump, speaking Thursday with Newsmax, again insisted the U.S. had "already won" the war with Iran, but he said: "I want to win by a bigger margin." 

"We have to have guarantees they will never have a nuclear weapon," Mr. Trump said. 

"Shipping traffic in the crucial Strait of Hormuz has dropped by more than 90% since the conflict in the Middle East began," the U.K. Royal Navy said in a statement on Friday, warning that the gridlock in the shipping lane was causing not only a "strangulation of international trade," but also a looming humanitarian crisis for the roughly 20,000 seafarers stuck on ships in the waterway.

"More than two dozen ships have been damaged or suffered casualties attempting to run the gauntlet into/out of the [Persian] Gulf," the Navy said, citing experts with the Navy-led U.K. Maritime Trade Operations (UKMTO) center, which monitors traffic in the region.

"With the world's gaze focused on the Strait of Hormuz, there is a warning of resurgent piracy off the coast of Somalia," the center warned. 

"After intense periods in the late 00s/early 10s when Somali-based piracy was at its peak, and again at the end of 2023 when Houthi rebels in Yemen targeted Red Sea shipping, traffic in the Middle East's sea lanes had resumed some form of normality."

The U.S.-Israeli war with Iran has ended that period of normality, and in addition to the attacks on and ongoing threat to ships in the Persian Gulf and Strait of Hormuz, Iran has threatened at least three times to have its Houthi allies again attack ships to limit access to the Red Sea via the Bab el-Mandeb strait.

The U.S. Embassy in Beirut has called on Lebanon's government to further its engagement with Israel - and tacitly, to sideline the Iranian-backed group Hezbollah which, while designated a terrorist organization by the U.S. and Israel, has been a massive force in Lebanese politics for decades.

"Lebanon stands at a crossroads. Its people have a historic opportunity to reclaim their country and shape their future as a truly sovereign, independent nation," the embassy said in a social media post on Thursday, warning the "time for hesitation is over."

The post did not refer directly to Hezbollah, but said Lebanon should have "never been at war" with neighboring Israel. Hezbollah dragged Lebanon into the regional conflict by launching attacks on northern Israeli communities in retaliation for the U.S.-Israeli strikes on Iran that began on Feb. 28. 

Israel responded with overwhelming force, opening a new offensive against Hezbollah with a blistering campaign of airstrikes across the country, and later an ongoing ground invasion in the south of Lebanon that authorities say has killed almost 2,590 people and displaced more than a million. Israeli leaders have said forces will continue to occupy a buffer zone across southern Lebanon, from which residents have been forced to evacuate, indefinitely, until the Hezbollah threat is removed.

Hezbollah and Israel have accused each other of near daily violations of a ceasefire the Trump administration brokered between the Israeli and Lebanese governments, which has been extended until mid-May.

The U.S. embassy said Thursday that "a direct meeting between [Lebanon's] President Aoun and Prime Minister Netanyahu, facilitated by President Trump, would give Lebanon the chance to secure concrete guarantees on full sovereignty, territorial integrity, secure borders, humanitarian and reconstruction support, and the complete restoration of Lebanese state authority over every inch of its territory — guaranteed by the United States."

"This is Lebanon's moment to decide its own destiny, one which belongs to all its people. The United States is ready to stand with Lebanon as it seizes this opportunity with confidence and wisdom," it said. "The time for hesitation is over."

Lebanon's Prime Minister Dr. Nawaf Salam met Friday with U.S. Ambassador Michel Issa at his office in Beirut, for "discussions focused on consolidating the ceasefire and on talks related to negotiations with Israel," Salam's office said in a brief statement.

The war keeps costing American motorists more at the pump, with the average price of gas hitting $4.39 a gallon early Friday, according to AAA. That's up a steep nine cents from Thursday and 34 cents from just a week ago.

Crude oil shipments have been severely curtailed by the vital Strait of Hormuz remaining all but closed due to Iran's threats to shipping, which it has refused to lift while the U.S. blockade of its ports and vessels remains in place.

Global oil prices are a significant factor behind the prices Americans pay at the pump, and the tanker gridlock in the strait combined with a lack of any imminent sign of a diplomatic resolution to the war helped push the price of international benchmark Brent crude briefly over $126 a barrel on Thursday.

Brent was trading early Friday at just over $111 a barrel. Before the war began in late February, it was trading around $70 per barrel. 

President Trump faces a key deadline in the war with Iran on Friday under a decades-old law that limits the use of force without authorization from Congress. 

The War Powers Resolution of 1973 lays out a timeline for when lawmakers must be notified of hostilities and when a president is required to withdraw American forces from a conflict in the absence of congressional authorization. 

Under the law, the president is required to give formal notification to Congress within 48 hours of introducing American forces into hostilities, which officially begins a 60-day clock for the president to terminate the use of force unless Congress has declared war or authorized the use of military force. 

Defense Secretary Pete Hegseth, testifying before the Senate Armed Services Committee Thursday, expressed doubt that the 60-day window was closing this week. "We are in a ceasefire right now, which in our understanding means the 60-day clock pauses or stops in a ceasefire," he said. 

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In an interview with Newsmax's Greta Van Susteren, President Trump again proclaimed "We've already won" the war in Iran but said he wants to "win by a bigger margin."

Mr. Trump said Iran's navy and air force have been destroyed, along with the country's leadership, claims the administration has been making since very early in the war.

But multiple U.S. officials with knowledge of intelligence on the matter told CBS News last week that Iran maintains more military capabilities than the White House or Pentagon has publicly admitted.

About half of Iran's stockpile of ballistic missiles and its associated launch systems were still intact as of the start of the ceasefire in early April, three of the officials told CBS News.

"We've destroyed everything. If we leave right now, it would take them 20 years to rebuild if they ever could rebuild," Mr. Trump said Thursday, but added it's "not good enough."

"We have to have guarantees they will never have a nuclear weapon," Mr. Trump said.

The United Arab Emirates' Foreign Ministry announced Thursday it was banning citizens from traveling to Iran, Lebanon and Iraq "in light of the current developments in the region."

The ministry also urged "all citizens present in these countries to depart quickly and return to the United Arab Emirates at the earliest opportunity."