The ceasefire between the U.S. and Iran is at a critical juncture as Iran sends a revised peace proposal to mediators in Islamabad.
- Trump rejected an earlier proposal and demands Iran abandon nuclear weapons. - Iran's Supreme Leader insists on safeguarding nuclear and missile capabilities.
- Economic fallout includes soaring oil prices and U.S. gas prices due to the naval blockade.
- Both sides remain prepared for a return to conflict if talks fail. The outcome remains uncertain as diplomatic efforts continue.