Washington: US-Iran talks remained stalled on May 3 as President Donald Trump reviewed Tehran’s 14-point proposal while warning it may not be acceptable.
The proposal, submitted through Pakistani mediators on May 2, calls for a permanent end to hostilities, non-aggression guarantees and the lifting of the US naval blockade.
The deadlock follows the collapse of 21-hour face-to-face talks in Islamabad on April 12, when Vice President JD Vance said the sides had not reached an agreement over Iran’s nuclear programmed.
The United States imposed a naval blockade of Iranian ports on April 13. The Pentagon estimates the blockade has cost Iran more than $4.8 billion in oil revenue.
Iran has restricted passage through the Strait of Hormuz in response, pushing international oil prices above $111 per barrel.
Read: Trump Iran Standoff Risks Prolonged conflict
Iranian President Masoud Pezeshkian and lead negotiator Mohammad Bagher Ghalibaf have said a complete ceasefire is meaningful only if the US blockade is lifted.
Iranian Foreign Minister Abbas Araghchi met with Prime Minister Shehbaz Sharif in Islamabad in late April as Pakistan continued to mediate between Tehran and Washington.
Trump has said he has “all the time in the world” for diplomacy, but has also kept military options open. Tehran has warned it would respond to renewed US bombing with “long and painful” strikes.
