US President Donald Trump is reviewing Iran's latest peace proposal and is expected to announce a decision on military action within 24 hours. Speaking to Axios, Trump noted that the chances of reaching an agreement with Iran are 'a solid 50/50', suggesting that negotiations could either lead to a favorable deal or a significant escalation of military action. He is set to consult with senior advisors, including negotiators Steve Witkoff and Jared Kushner, as well as Vice President JD Vance. In a CBS News interview, Trump mentioned that negotiators are 'getting a lot closer' to finalizing an agreement that would prevent Iran from obtaining nuclear weapons while also addressing issues like reopening the Strait of Hormuz and unfreezing Iranian assets. Meanwhile, Pakistani Army Chief Field Marshal Asim Munir has been mediating discussions, and Iran's Foreign Ministry indicated that talks on a memorandum of understanding to resolve the conflict are nearing completion. The outcome of these negotiations could significantly impact regional stability.