Julie Morgan

The plan is said to address Iran's ballistic missile and nuclear programs, as well as maritime routes through the Strait of Hormuz.

Oil prices are also down on the news.

Crude oil is down 4 percent at $88.

Brent crude is also down 4 percent at $100.

In the world markets, the FTSE 100 is up 0.8% and the DAX is up 1.4%.

Asian equity markets also advanced on Wednesday amid reports of a possible U.S.

proposed ceasefire with Iran.

While President Trump claimed that negotiations are underway to end the war, an Iranian military spokesman has suggested that the U.S.

is negotiating with itself.

The Wall Street Journal is reporting that Tehran has set a high bar for ceasefire negotiations.

Iran is demanding that the U.S.

shut down its bases in the Gulf region, pay reparations for its attacks, and lift all sanctions.

Iran also wants to collect fees for ships transiting the Strait, an end to Israeli strikes on Lebanese military group Hezbollah, and guarantees that the war won't restart.

According to the report, Tehran is also seeking to keep its missile program, with no negotiations to put a limit on it.

A federal judge said the Pentagon's move to blacklist Anthropic appears to be punishment for the AI startup going public with its contract dispute, which would be a violation of the company's right to free speech.

The judge noted that the Pentagon designating Anthropic as a supply chain risk looks like an attempt to cripple the company and does not really seem to be tailored to the stated national security concern.

Anthropic sued the U.S.

government after it was blacklisted over its safeguards that prevent its AI from being used for domestic surveillance or autonomous weapons.

It warned that the blacklisting would reduce its 2026 revenue by multiple billions of dollars.

The company sought a temporary restraining order on its blacklisting while the case plays out in court.