Iranian officials confirmed on Thursday that they are currently reviewing the latest peace proposal presented by the Trump administration. This development follows comments from President Donald Trump, who indicated a willingness to allow a few more days for negotiations to yield a resolution, while simultaneously cautioning that the window for a peaceful settlement remains narrow.

Foreign Ministry spokesperson Esmaeil Baghaei stated that the Islamic Republic has received the American position and is conducting a thorough assessment. Mediation efforts remain active, with Pakistan continuing to facilitate communication between Washington and Tehran. As part of these ongoing diplomatic maneuvers, Pakistan’s Army Chief Asim Munir is scheduled to visit the Iranian capital to further discussions centered on a 14-point framework for peace.

The geopolitical tension has severely impacted global energy markets, as the conflict has effectively halted shipping through the Strait of Hormuz, a critical maritime artery for global oil and liquefied natural gas. With both sides currently locked in a stalemate, President Trump has warned that the U.S. is prepared to escalate military action if a satisfactory agreement is not reached promptly. Meanwhile, the Iranian Revolutionary Guard has issued a stern warning, threatening to expand the scope of the conflict beyond the Middle East should U.S. and Israeli strikes resume.

Financial markets reacted to the uncertainty, with international Brent crude futures rising 1.9% to $106.92 per barrel, while U.S. West Texas Intermediate futures climbed 2.4% to $100.59. Since the onset of the conflict, oil prices have surged approximately 45%, reflecting deep market anxiety over the potential for further escalation in the region.