U.S. President Donald Trump said on Saturday (May 2, 2026) he was going to review a new Iranian peace proposal but cast doubt over its prospects, as a senior military officer in Tehran indicated renewed fighting was “likely.”

The dour outlook came after Iran’s Tasnim and Fars news agencies said Tehran had submitted a 14-point proposal to mediator Pakistan. Details included ending the conflict on all fronts and enacting a new framework for the crucial Strait of Hormuz, Tasnim said.

A senior Iranian military officer said on Saturday (May 2, 2026) that renewed fighting between the U.S. and Iran was “likely”, hours after President Donald Trump said he was “not satisfied” with a new Iranian negotiating proposal.

Iran delivered the draft to mediator Pakistan on Thursday (April 30, 2026) evening, state media reported without detailing its contents.

A U.S.-Iran ceasefire that began in ​early April has “terminated” hostilities between the two sides for the purposes of ‌an approaching congressional war powers deadline, a senior official of ​President Donald Trump’s administration said on Thursday (April 30, 2026).

Mr. Trump faced a ⁠deadline on Friday (May 1, 2026) to end the Iran war or make the case to Congress for extending it, but the date was most likely to ‌pass without altering the course of the war.

The White House said it was examining Iran’s latest proposal to unblock the Strait of Hormuz, as Tehran insisted on Tuesday that Washington was no longer in a position to “dictate” policy to others.

Iran has blockaded the waterway — a vital conduit for oil and gas shipments — since the start of the U.S.-Israeli offensive two months ago, sending shockwaves through the global economy.

Oil prices edged up and stocks wavered on Tuesday (April 28, 2026) as Donald Trump weighed an Iranian proposal that would reportedly re-open the Strait of Hormuz and end the eight-week-old war.

Investors were also gearing up for key central bank meetings and earnings reports from Wall Street giants this week.

U.S. envoys are expected to travel to Pakistan on Saturday (April 25, 2026) in a new bid to salvage ceasefire talks with Tehran, even as Iran ruled out direct negotiations with U.S. representatives as its top diplomat arrived in Islamabad.

The latest effort to broker a deal comes as an indefinite ceasefire has paused most fighting, but the economic fallout is still mounting with global energy shipments disrupted by the closure of the Strait of Hormuz.

Security in Pakistan’s capital Islamabad was stepped up visibly on Sunday (April 20, 2026)ahead of peace talks between the United States and Iran in the coming days.

President Donald Trump said U.S. negotiators will be in Pakistan on Monday (April 21, 2026) to resume talks on ending the war with Iran, little more than a week after face-to-face talks in Islamabad on April 11 ended without agreement.

U.S. President Donald Trump ​said ⁠in a Truth Social ‌post on Sunday (April 19, 2026) ‌that ‌representatives are ⁠going to ⁠Islamabad, Pakistan, “tomorrow night” for ​Iran negotiations. Two Indian ships were amongst more than a dozen fired upon by the IRGC on Saturday, leading India to call in the Iranian Ambassador and convey its protest.

In the post, Mr. Trump said “Iran decided to fire bullets yesterday in the Strait of Hormuz — A Total Violation of our Ceasefire Agreement! Many of them were aimed at a French Ship, and a Freighter from the United Kingdom. That wasn’t nice, was it?”

No date has been set for the next round of Iran–U.S. peace talks brokered by Pakistan following the failure of an initial round, Iran’s deputy foreign minister said on Saturday (April 18, 2026).

“Until we agree on the framework, we cannot set a date,” Saeed Khatibzadeh told journalists on the sidelines of an annual diplomatic forum in Turkey’s southern Antalya province.

U.S. President Donald Trump warned on Monday (April 13, 2026) that any Iranian attack boats that approach the naval blockade he has ordered around the country’s ports will be destroyed, despite international calls for a ceasefire to be respected and negotiations to resume.

The U.S. military said the blockade would begin at 1930 hours IST and apply to all ships leaving or seeking to dock at Iranian harbours, but as the deadline passed there was no announcement that the measure had come into effect, nor sign of any interceptions.