What are the key terms of Iran's latest peace proposal as reported in the news?

Iran's latest peace proposal includes a one-month deadline for talks to reopen the Strait of Hormuz and end both the US naval blockade and fighting in Iran and Lebanon; if such a pact is reached, a second month of discussions would begin to address Iran’s nuclear program. The proposal is described as a '14-point plan' titled 'a clear roadmap for ending the imposed war,' transmitted via Pakistani mediators, according to Iran’s semi-official Fars News Agency.

How did President Trump respond to Iran's peace offer?

Trump said he would review the plan but cast doubt on its acceptability, stating on Truth Social: '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'; he also expressed frustration with the lack of progress in talks and said he would prefer not to restart hostilities but added, 'I would say that I am not happy.'