Iranian media reported that the US proposed a ceasefire amid escalating tensions and serious difficulties faced by the US military due to misjudging Iran's military capabilities. The US's diplomatic efforts to seek a ceasefire became increasingly urgent after Iran's attack on a US military warehouse on Bubiyan Island in northern Kuwait.

Bitcoin and global markets rose following reports of ceasefire talks between the U.S. and Iran. The leading cryptocurrency hit a weekly high of $69,350, currently trading at $69,245, up 3.5% on the day. Oil dropped 1.4%, while the Nikkei and S&P 500 futures gained.

Iran stated that in a "timely and coordinated" joint operation by the Islamic Revolutionary Guard Corps, the Iranian army, the Basij militia, and law enforcement forces, enemy aircraft that had intruded into the southern region of Isfahan, including two Black Hawk helicopters and a C-130 military transport plane, were hit. US media reported that the missing US pilot had been rescued, and during the rescue operation, the US military destroyed two "stranded" US transport planes that were on a rescue mission.

Bitcoin jumped on reports that Pakistan has put together a framework for a U.S.-Iran ceasefire, but analysts remain cautious.

According to US media reports, the rescued pilot evaded Iranian searches for over 24 hours in mountainous terrain, carrying only a pistol. The US military deployed hundreds of special operations personnel to complete the rescue, during which firefights occurred with Iranian forces. Two US transport planes became stranded in Iran while carrying out the pilot rescue mission; the US subsequently dispatched three new aircraft to continue the rescue operation and destroyed the two malfunctioning transport planes.