US President Donald Trump said he will soon review Iran's new 14-point proposal for peace, adding that he “can’t imagine that it would be acceptable.”

"I will soon be reviewing the plan that Iran has just sent to us, but can’t imagine that it would be acceptable in that they have not yet paid a big enough price for what they have done to Humanity, and the World, over the last 47 years," said Trump in his Truth Social post.

Earlier, Iranian state media reported that Tehran submitted the proposal through a Pakistani intermediary. Tasnim news agency called it a proposal for “ending the war on all fronts, including Lebanon”.

Tasnim reported that the US proposed a two-month ceasefire, but that Iran believes “that the issues should be resolved within 30 days” and that negotiations should focus on the “termination of the war” rather than extending a ceasefire.

The response follows a nine-point US proposal, Tasnim reported, and addresses topics like guarantees against military aggression and the withdrawal of US military forces from the region surrounding Iran.

The response also includes the release of frozen Iranian assets, the removal of sanctions, and calls for the introduction of a “new mechanism for the Strait of Hormuz.”

Iran’s deputy foreign minister, Kazem Gharibabadi, said that Iran’s proposal was “aimed at the permanent end” of the war, Iranian state broadcaster IRIB reported.

“Now the ball is in the United States’ court to choose either the path of diplomacy or continuation of a confrontational approach,” Gharibabadi said.

Meanwhile, Iran’s parliament is expected to approve a law that would place restrictions on which vessels can pass through the Strait of Hormuz. Israeli vessels will never be allowed through and ships from “hostile countries” will be required to pay reparations to obtain a permit, a Press TV report said.