Iran still reviewing new U.S. peace proposal as Trump predicts war will 'be over quickly': Reports

U.S. President Donald Trump speaks to reporters as he departs the White House in Washington, D.C., U.S., May 1, 2026. Kevin Lamarque | Reuters Iran is "currently reviewing" messages from the U.S. that it received via Pakistani mediators, but it has yet to reach a conclusion or deliver a reply, an Iranian official said Thursday, state media outlets reported . The comments attributed to Iran's Ministry of Foreign Affairs spokesman Esmaeil Baqaei came one day after Axios and other outlets reported that the U.S. and Iran were nearing a 14-point memorandum of understanding to end the war and tee up further nuclear talks. President Donald Trump later said at the White House that the Iranians want to "make a deal very much, and we'll see whether or not they can make a deal that's satisfactory to us." At an event Wednesday evening to support Georgia Republican gubernatorial candidate Burt Jones, Trump predicted the war will "be over quickly," CBS News reported . The latest signals that the more-than-two-month-old war could be ending sent stocks higher and oil prices lower on Wednesday. But equities fell into the red on Thursday afternoon while oil resumed its rise, as further developments remained murky. Things were especially unclear concerning the Strait of Hormuz, the key pathway for oil shipping that has been choked off during the war, triggering a global energy supply shock. The U.S. …