Iran considering US proposal as Trump says war will be 'over quickly'
Iran signaled serious consideration of a US counterproposal to its 14-point peace plan as President Trump expressed confidence that the conflict could be resolved quickly. Pakistan, acting as mediator, reported progress toward converting the current ceasefire into a permanent settlement, with both sides showing renewed engagement.
Iranian Foreign Ministry spokesperson Ismail Bekayi confirmed that Iran is actively evaluating the US counterproposal to its 14-point peace framework, signaling serious diplomatic engagement. Pakistan, acting as primary mediator, reported constructive talks and expressed confidence in efforts to convert the current fragile ceasefire into a durable settlement. Trump's assertion that the conflict could end 'quickly' reflected administration optimism about negotiated resolution. Global markets responded positively to ceasefire momentum—oil prices retreated from peaks above $110, equity indices rallied, and shipping rates in the Strait of Hormuz showed signs of easing. However, risks remain acute: commercial vessel transits continue under heightened security restrictions, insurance costs are elevated, and any negotiation breakdown could trigger sharp reversals in energy and financial markets. The contours of any settlement—particularly on sanctions relief, nuclear arrangements, and naval operations in the Strait—remain unresolved and contentious.
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