Iran said on Wednesday it was reviewing a US proposal aimed at ending the ongoing conflict between the two countries, although several major disputes remain unresolved, including Tehran’s nuclear programme and the reopening of the Strait of Hormuz.
Read More: US and Iran ‘closing in on one-page memo to end war’
According to Iran’s ISNA news agency, a foreign ministry spokesperson confirmed that Tehran would formally communicate its response after evaluating the proposal. US President Donald Trump expressed optimism that progress was being made, saying recent talks between both sides had been constructive.
Amid ongoing #diplomatic engagement, Iran is reviewing a new #US proposal as #Washington and #Tehran move closer to a framework aimed at ending tensions in the Gulf.
With #Pakistan serving as a key channel for communication, both sides are reportedly considering a 14 point,… pic.twitter.com/VhrILhStVx
— Gulf Times (@GulfTimes_QATAR) May 6, 2026
Speaking to reporters at the White House, Trump said there was a strong possibility of reaching an agreement. However, earlier in the day, he had warned that the United States could resume military action if negotiations failed, describing Iran’s acceptance of the proposal as uncertain.
The conflict, which began on February 28, has disrupted global energy markets and heightened tensions across the Middle East. At the centre of the dispute are Iran’s nuclear activities and control over the Strait of Hormuz, a key shipping route that previously handled nearly one-fifth of global oil and gas supplies.
Sources familiar with mediation efforts said discussions were progressing around a preliminary one-page memorandum that could formally end hostilities and begin wider negotiations on sanctions relief, shipping access and nuclear restrictions. However, Iranian officials signalled caution.
Iranian lawmaker Ebrahim Rezaei described the proposal as largely reflecting American demands rather than a balanced agreement. Parliament Speaker Mohammad Baqer Qalibaf also criticised reports suggesting a breakthrough, saying such claims were political messaging from Washington.
Read More: Iran reviewing US proposals via Pakistan
Reports of possible progress briefly pushed oil prices sharply lower, while global financial markets reacted positively to hopes of easing tensions. Despite optimism, key US demands — including restrictions on Iran’s missile programme and its regional alliances — remain unaddressed, leaving uncertainty over whether a final settlement can be achieved.