A cargo ship near the Strait of Hormuz has reported an attack by multiple small craft, according to the British military’s United Kingdom Maritime Trade Operations center.

The incident occurred as Iran made a new peace proposal.

The Strait of Hormuz is a critical waterway for international trade, and any disruptions in the area could have far-reaching consequences. Buffalo, with its proximity to the Great Lakes and the **St.

Lawrence Seaway**, is an important hub for international trade.

The city's Port of Buffalo is a key stop for cargo ships traveling between the Great Lakes and the Atlantic Ocean.

Residents in Downtown Buffalo, particularly those working in the shipping industry, will be watching the situation closely. Western New York businesses that rely on international trade may also be affected by any changes in the global shipping industry.

As the situation develops, residents will be looking to see how the incident affects global trade and, in turn, the local economy.

The next step will be to see how the international community responds to the attack and Iran's peace proposal, which could happen at an upcoming meeting of the United Nations.