Iran is reviewing a peace proposal from the Trump administration aimed at resolving the ongoing conflict, as President Donald Trump stated he is willing to wait a few more days for a response. Esmaeil Baghaei, spokesperson for Iran's Foreign Ministry, indicated that the country is considering the U.S. views and that Pakistan, which hosted previous peace talks, continues to mediate between the two nations. The situation remains tense, with both sides at a stalemate, particularly affecting the strategically important Strait of Hormuz, through which a significant portion of global oil and gas traffic passes. Oil prices have risen as market participants closely monitor the developments in the peace talks. Trump emphasized that if the right answers are not received from Iran, military action could be imminent, having previously come close to ordering strikes against the country. Meanwhile, Iran's Revolutionary Guard has issued warnings against further U.S. and Israeli military actions, threatening to extend the conflict beyond the region if necessary. The geopolitical landscape remains precarious as the world watches for any shifts in negotiations.