Iran says the ‘ball is in the United States’ court’ as Trump says he is likely to reject new proposal from Tehran

The president also has floated a new plan to reopen the Hormuz, after the US warned shipping firms against paying Iran for safe passage.

The US president says Tehran has "not yet paid a big enough price"

Iran says the ‘ball is in the United States’ court’ as Trump says he is likely to reject new proposal from Tehran

The US president is considering carrying out fresh strikes on Iran despite reviewing a new peace proposal offered by Tehran

The U.S. and Iran appear no closer to ending a war that has disrupted energy supplies, roiled world markets and raised fears about a global economic downturn.

Before reviewing the proposal on Saturday, US President Donald Trump said he could not imagine it "would be acceptable".