Iran considers US peace proposal as Israel strikes Beirut

Iran is reviewing a US proposal to end the war, with the White House reportedly closing in on a 14-point memorandum of understanding with Tehran. Meanwhile, Israel struck Beirut for the first time since an April 8 ceasefire, and Iran's Foreign Minister is in Beijing seeking Chinese backing for any deal. The conflict's ripple effects are severe: UK fertiliser costs have jumped up to 70%, with global food prices expected to take a "dramatic" hit next year.