News Summary

• The U.S. sent a 15-point ceasefire proposal to Iran, reportedly delivered via Pakistan.
• Investors are hoping for an end to a war that has disrupted global energy supplies.
• Brent crude futures pared earlier losses but settled down 2.17 per cent at $102.22 a barrel.
• West Texas Intermediate crude futures fell 2.20 per cent to settle at $90.32 a barrel, while gold prices rose 1.44% to $4,537.89 an ounce.