Iran has delivered a detailed counteroffer to the United States' peace proposal, which includes demands for war reparations, recognition of its sovereignty over the Strait of Hormuz, and an end to all US sanctions. In a swift rebuttal, US President Donald Trump labeled the proposal as 'TOTALLY UNACCEPTABLE', indicating the deepening divide between the two nations. Iran's response, conveyed through Pakistani mediators, outlines several key demands: the US must pay for war damages, release blocked Iranian assets, and provide a clear mechanism for lifting sanctions with international guarantees. On the nuclear front, Iran has proposed to dilute some of its highly enriched uranium and transfer the remainder to a third country, but it insists on guarantees for its return if negotiations fail. Additionally, Iran has agreed to halt uranium enrichment for a period shorter than the 20 years suggested by the US. The ongoing tensions carry serious economic repercussions; Saudi Aramco has warned that even if the Strait of Hormuz is reopened, it could take months for oil markets to stabilize, potentially extending to 2027 if disruptions continue. The negotiations remain focused on navigation rights, Iran's nuclear program, and sanctions, with both sides yet to ease their positions.