Tensions between Iran and the United States continue to escalate, with both nations exchanging warnings while engaging in backchannel diplomacy facilitated by Pakistan. US President Donald Trump stated that negotiations with Iran are currently 'on the borderline' between achieving a diplomatic agreement and the potential for renewed military confrontation. Iranian officials have confirmed they are considering a new proposal from the US, which includes critical demands such as sanctions relief, the release of frozen Iranian assets, and an end to the US blockade on Iranian ports. In response to the rising tensions, Iran has ramped up military mobilization, with the Islamic Revolutionary Guard Corps conducting public weapons training sessions in Tehran. Iranian leaders have cautioned that any further escalation could have repercussions beyond the Middle East, raising alarms about the potential for broader conflict. The situation has also impacted global oil markets, which are experiencing volatility amid fears of disruptions to international energy supplies, particularly through the strategic Strait of Hormuz, a crucial passage for oil shipments.