President Trump dismissed Iran's latest proposal to end the war, stating he is "not satisfied" with the terms sent through Pakistani mediators. The Islamic Republic News Agency provided no details on the content, though Trump declined to specify his objections hours after the proposal's submission. This follows months of tension since the U.S.-Israeli war began on Feb. 28.

Iran had previously proposed reopening the Strait of Hormuz, ending the U.S. blockade, and postponing nuclear program negotiations. Trump insisted the nuclear program must be addressed, calling the Iranian negotiating teams "unbelievably disjointed." The Strait of Hormuz, which normally handles one-fifth of global oil supply, has remained effectively closed since the conflict began.

Energy markets reacted strongly to the developments, with oil prices hitting a wartime peak before pulling back slightly after the new proposal emerged. The United States maintains a blockade on shipping to and from Iran, which Trump described as "unbelievable, powerful, 100 percent." Iranian Foreign Minister Abbas Araghchi briefed regional counterparts on Iran's latest stance as diplomatic efforts continue.