U.S. President Donald Trump announced Saturday that he will review a new peace proposal from Iran, while expressing skepticism about its likelihood of acceptance and leaving open the possibility of further military action against Tehran.

The two countries have been deadlocked since a ceasefire took effect on April 8, following a war that has lasted more than two months. A previous round of peace talks held in Pakistan ended without agreement. According to reports from Iranian news agencies Tasnim and Fars, Tehran has submitted a 14-point proposal to mediator Islamabad. The plan reportedly calls for an end to hostilities on all fronts and the establishment of a new framework governing the strategic Strait of Hormuz.

Trump, speaking to reporters in West Palm Beach, Florida, said he would review the Iranian plan but expressed doubt it would be acceptable given Iran’s actions over the past 47 years. “I can’t imagine that it would be acceptable in that they have not yet paid a big enough price for what they have done to humanity, and the world,” he stated on his Truth Social platform. When asked about the prospect of renewed military strikes, Trump declined to provide specifics but said new attacks on Iran remain a possibility if Tehran "misbehaves."

Iranian officials have signaled a different outlook. Mohammad Jafar Asadi, a senior figure within the Iranian military’s central command, warned that a renewed conflict between Iran and the United States is likely, citing what he described as U.S. unreliability in upholding agreements. Deputy Foreign Minister Kazem Gharibabadi echoed this position in a statement to diplomats in Tehran, asserting the ball is now in the U.S. camp to either pursue diplomacy or continue confrontation. He added that Iran is prepared for both scenarios.

Earlier this week, U.S. envoy Steve Witkoff reportedly requested that Iran’s nuclear program be placed back on the negotiation table, according to a U.S. news report. Iran’s mission to the United Nations criticized Washington’s stance, accusing the U.S. of hypocrisy given its substantial nuclear arsenal. The mission underscored that international law does not limit uranium enrichment levels as long as they are conducted under the supervision of the International Atomic Energy Agency (IAEA), which Tehran contends has been the case.

Tensions remain high over control of the Strait of Hormuz, a critical maritime chokepoint for global oil, gas, and fertilizer shipments. Iran has maintained a blockade that restricts exports through the strait, while the United States has imposed a counter-blockade at Iranian ports, further exacerbating the economic and geopolitical standoff between the two nations.