Iran reviews U.S. peace proposal as Trump says he’s willing to wait ‘a few days’

Vehicles drive past a huge billboard supporting Iran’s national football team in the upcoming 2026 World Cup, installed on a building at Enghelab Square in Tehran on May 18, 2026.

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Iran on Thursday said it is reviewing the Trump administration’s latest proposal for bringing an end to the war after the U.S. president said he was prepared to wait a few more days to “get the right answers” from Tehran.

Iran Foreign Ministry spokesperson Esmaeil Baghaei said the Islamic Republic had received the views of the American side “and are reviewing them,” according to the state-run agency Nour News.

Baghaei said Pakistan, which hosted peace talks between the U.S. and Iran last month, continues to mediate exchanges between Tehran and Washington, adding that several rounds of communication had taken place based on Iran’s original 14-point framework.

Pakistan’s Army Chief Asim Munir is expected to travel to Iran’s capital on Thursday as part of ongoing mediation talks between Washington and Tehran, according to Iran’s ISNA news agency.

Talks to bring an end to the Iran war have shown little progress in recent weeks, with both sides locked in an uneasy stalemate as Tehran blocks the strategically vital Strait of Hormuz and Washington blockades Iranian ports.

Around 20% of the world’s oil and liquefied natural gas passed through the Strait of Hormuz before the war, but shipping traffic has virtually halted since U.S. and Israeli-led strikes against Iran started on Feb. 28.

“Believe me, if we don’t get the right answers, it goes very quickly. We’re all ready to go,” President Donald Trump told reporters at Joint Base Andrews on Wednesday.

Asked how long he was prepared to wait, Trump replied: “It could be a few days, but it could go very quickly.”

Trump has repeatedly warned of renewed attacks against Iran if the two sides are unable to agree on a deal, only to delay the deadlines he’s set.

The U.S. president said he’d been “an hour away” from deciding to attack Iran on Tuesday, before he was then persuaded to postpone the strike.

Iran’s Revolutionary Guard has warned against any further attacks on the country. In a strongly worded statement reported on Wednesday, the paramilitary group threatened to extend the Middle East conflict “beyond the region” if the U.S. and Israel resume strikes against the country.

US President Donald Trump speaks to reporters after stepping off Air Force One at Joint Base Andrews, Maryland on May 20, 2026, as he returns to Washington, DC, after delivering the commmencement address to the US Coast Guard Academy’s 2026 graduating class.

Kent Nishimura | Afp | Getty Images

Oil prices traded higher on Thursday morning as energy market participants closely monitored the outcome of peace talks.

International Brent crude futures traded 1.3% higher at $106.37 per barrel, reversing some of its losses in the previous session. U.S. West Texas Intermediate futures were last seen trading up 1.3% at $99.54 per barrel.