Iran reviewing latest U.S. peace proposal, regime says

Iran's government is reviewing the latest U.S. peace proposal, Foreign Ministry spokesman Esmaeil Baqaei said in a statement to the country's ISNA news agency on Wednesday, adding that Tehran would convey its position on the proposal to Pakistani intermediaries after finalizing its response. 

President Trump warned Iran earlier Wednesday, in a Truth Social post, that it would face American strikes "at a much higher level and intensity" unless it "agrees to give what has been agreed to, which is, perhaps, a big assumption."

Neither the Trump administration, Tehran nor Pakistan have confirmed any details of the latest iteration of the peace proposal, which is the result of weeks of back-and-forth negotiating led by Islamabad.

Iran's threat to shipping in the Strait of Hormuz, and its willingness to accept major constraints on its nuclear program, along with Israel's ongoing battle with Iranian-backed Hezbollah in Lebanon, have all proven formidable hurdles to a comprehensive peace deal thus far.