- Iran is expected to submit a revised peace proposal within days after the U.S. rejected its initial terms, according to sources familiar with the matter.
- Mediators in Pakistan anticipate an updated offer, but communication with Tehran's leadership remains difficult and slow.
- Oil markets remain volatile as the prospect of renewed diplomacy counters concerns over potential disruption to the Strait of Hormuz.
Iran is preparing a revised peace proposal to address U.S. rejection of its initial terms, with mediators in Pakistan expecting a new offer within days, according to people familiar with the matter. The move follows Washington's dismissal of a 15-point plan, signaling a continued diplomatic path rather than an immediate ceasefire. The process remains fluid, with Iran's foreign minister consulting leadership in Tehran after a visit to Russia.
"Efforts to restart talks have hit a snag, but we expect Tehran to come back with revised terms soon," a mediator said, speaking on condition of anonymity. The U.S. has pressed for specific nuclear-related concessions, while Iran conditions acceptance on guarantees against renewed attacks and recognition of its strategic interests, including control over the Strait of Hormuz.
Global oil markets have reacted to the stalled talks and related security concerns, with Brent crude fluctuating on the prospect of renewed diplomacy versus potential supply disruptions. The Strait of Hormuz, a focal point in Iran's demands, is critical for global energy flows. Without a deal, the region could face heightened tensions.
Separately, Donald Trump claimed Iran is in a "state of collapse" and seeking help to keep the Strait of Hormuz open amid internal instability, though Iranian officials have dismissed such statements. The U.S. has not publicly commented on the revised proposal's timeline.
Attempts to reach Iran's foreign ministry for comment were unsuccessful.
Correction: An earlier version of this article misstated the number of points in the U.S. proposal; it is 15, not 12.