According to a report by the Punch on Sunday, May 3, 2026, US President Donald Trump has said he will review a newly submitted Iranian peace proposal, but he remains doubtful about its acceptance and has not ruled out possible future military action against Iran if tensions escalate again.
Diplomatic negotiations between Washington and Tehran have remained stalled since a ceasefire began on April 8, following a prolonged conflict that has lasted more than two months. Earlier peace efforts reportedly collapsed during talks held in Pakistan.
Reports from Iranian state-linked media say Tehran has submitted a 14-point peace proposal through mediators in Islamabad, which includes ending hostilities across all fronts and establishing a new framework for managing the Strait of Hormuz.
Trump dismissed the likelihood of the proposal being accepted, linking his doubts to Iran’s past actions. Speaking to reporters in Florida, US President Donald Trump said, “If they misbehave, if they do something bad, but right now, we’ll see”
Iranian military officials have warned that the chance of renewed conflict remains high, accusing the United States of not honouring past agreements. Iranian diplomats, however, say the decision now rests with Washington, while insisting that Tehran is ready for either renewed talks or continued confrontation.
Tensions have also increased around the Strait of Hormuz, a key global oil route, where Iran’s influence has raised concerns in international markets and helped push global oil prices higher than pre-conflict levels. Iranian lawmakers are also considering plans for managing revenues from the waterway, with allocations reportedly split between military infrastructure and economic development.
In the wider region, instability continues in Lebanon, where Israeli strikes targeting Hezbollah positions have occurred despite a truce, leading to casualties and damage to civilian and religious sites.
In the United States, lawmakers are debating whether the administration has exceeded legal limits requiring congressional approval for continued military action, with differing interpretations over the impact of the ceasefire on those timelines….See More
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