Middle East crisis live: Oil prices drop after reports of Trump peace plan; elite US airborne division reportedly headed to region

Key Points:

• Brent crude oil prices dropped nearly 6% and US West Texas Intermediate fell over 5% following reports that former US President Donald Trump sent a 15-point peace plan to Iran aimed at ending the US-Israel conflict involving Iran.
• The US plan, reportedly delivered via Pakistan, includes demands such as Iran dismantling its nuclear capabilities, ceasing proxy funding, and keeping the Strait of Hormuz open; however, it is unclear how widely Iran has received or will accept the proposal.
• The US is deploying at least 1,000 additional troops from the 82nd Airborne Division to the Middle East amid ongoing tensions, while Israeli strikes have killed six people in southern Lebanon and a drone attack sparked a fire at Kuwait airport.
• The Philippines declared a national energy emergency and is seeking US waivers to import oil from sanctioned countries like Iran and Venezuela to secure fuel supplies amid the regional crisis.
• France criticized the US as an "unpredictable ally" due to military actions in the Middle East without prior notification, while Cyprus demands new security arrangements for UK bases after Iranian drone attacks.