President Donald Trump talks to reporters before he boards Air Force One at Palm Beach International Airport in West Palm Beach, Fla., Saturday May 2, 2026, en route Miami. (AP Photo/Matt Rourke)

WEST PALM BEACH, Fla. (AP) — President Donald Trump said on Saturday that he was reviewing a new Iranian proposal to end the war but also expressed skepticism it would lead to a deal.

“I’ll let you know about it later,” he said before boarding Air Force One, adding that “they’re going to give me the exact wording now.”

Shortly after speaking to reporters, Trump posted on social media about the new proposal, saying he “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.”

Two semiofficial Iranian news outlets, Tasnim and Fars, believed to be close to Iran’s paramilitary Revolutionary Guard, said Iran has sent a 14-point proposal via Pakistan in response to a nine-point U.S. proposal. Iran’s state-run media have not reported on the new proposal. Pakistan has hosted previous negotiations between Iran and the United States.

Trump rejected a previous Iranian proposal this week. However, conversations have continued, and the three-week ceasefire appears to be holding.

The U.S. president also has floated a new plan to reopen the Strait of Hormuz at the mouth of the Persian Gulf, where about a fifth of the world’s trade in oil and natural gas typically passes.

US warns of sanctions

The U.S. has warned shipping companies they could face sanctions for paying Iran to pass safely through the Strait of Hormuz, adding pressure in the standoff over control of it.

Iran effectively closed the strait by attacking and threatening ships after the U.S. and Israel launched a war on Feb. 28. Tehran later offered some ships safe passage via routes closer to its shore, charging fees at times.

The U.S. on Friday warned against transfers not only in cash but also in “digital assets, offsets, informal swaps, or other in-kind payments,” including charitable donations and payments at Iranian embassies.

The U.S. has responded with a naval blockade of Iranian ports since April 13, depriving Tehran of oil revenue it needs to shore up its ailing economy. The U.S. Central Command on Saturday said 48 commercial ships have been told to turn back.