Iran's latest proposal calls for resolving issues with the United States within 30 days and ending the war, rather than extending the ceasefire, according to state-linked media.
President Donald Trump said Saturday he is reviewing the plan but expressed doubt, stating Iran has not yet paid a big enough price for its actions.
The 14-point proposal, a rebuttal to the U.S. nine-point plan, demands an end to hostilities, including Israeli operations in Lebanon, lifting sanctions, ending the naval blockade, and withdrawing forces from the region. Iran sent the reply via a Pakistani intermediary.
Iran's deputy parliament speaker, Ali Nikzad, declared the Strait of Hormuz belongs to Iran and will not return to prewar conditions. The U.S. has warned shipping companies against paying tolls to Iran, including via digital assets, for safe passage.
The Iranian rial continued tumbling to 1,840,000 per dollar, with analysts predicting further decline. The Nobel committee urged Iran to transfer jailed laureate Narges Mohammadi for medical treatment, citing her deteriorating health.