Iran is currently evaluating a new U.S. peace proposal mediated through Pakistan, according to state media reports.
The development comes amid ongoing tensions in the region, with no immediate resolution in sight.
Senior Iranian official Mohsen Rezaee reportedly stated that Tehran would not allow the U.S. to reopen the Strait of Hormuz with an 'unrealistic plan.'
The geopolitical situation has significant implications for global energy markets, particularly given the strategic importance of the Strait of Hormuz.
Any disruption in this critical shipping route could impact oil flows and, by extension, global commodity prices.
The U.S. and Iran have been engaged in a complex diplomatic process, with recent reports indicating that Iran is considering a counteroffer to the latest proposal.
The Strait of Hormuz has been a point of contention for months, with heightened military activity and economic sanctions contributing to the volatility.