Renewed conflict ‘likely’: New Iran peace proposal not likely to be accepted by US - Trump

US President Trump will review a new Iranian peace proposal but expressed skepticism about its acceptance, hinting at the possibility of renewed military action against Iran. Iranian officials stated that renewed conflict is likely due to the US's failure to honor commitments, while the US criticized Iran's nuclear ambitions. Oil prices are currently 50% above pre-war levels, and Iranian inflation has surpassed 50%.