President Donald Trump announced on Saturday that he is reviewing a 14-point peace proposal submitted by Iran, though he expressed skepticism about its acceptability. The proposal, delivered through mediators in Pakistan, includes demands such as guarantees of non-aggression, the withdrawal of U.S. military forces from regions surrounding Iran, and the lifting of the naval blockade on Iranian ports.
Iran also seeks the release of its frozen assets, payment of compensation for damages, removal of sanctions, and an end to hostilities in Lebanon, according to reports from Tasnim News Agency, a semi-official outlet tied to Iran's Islamic Revolutionary Guard Corps. Tehran has emphasized that these issues must be resolved within 30 days, shifting focus from extending the current ceasefire to ending the war entirely.
'I will soon be reviewing the plan that Iran has just sent to us, but can't imagine that it would be acceptable in that they have not yet paid a big enough price for what they have done to Humanity, and the World, over the last 47 years,' Trump stated in a Truth Social post.
The conflict, which began on February 28 with U.S. and Israeli attacks on Iran, has driven oil prices to historic highs. Despite a ceasefire that began on April 8 and has since been extended indefinitely, oil prices remain elevated. The Strait of Hormuz, a critical global oil transit point, remains under Tehran's control, further complicating market stability.
Analysts warn of continued economic fallout. Mark Malek, Chief Investment Officer at Siebert Financial, predicts a second wave of inflation stemming from the conflict, noting that rising energy costs will ripple through everyday products.
As negotiations unfold, the U.S. faces mounting pressure to secure a resolution that prioritizes American interests and economic stability.