Iran-Israel war LIVE: Iran reviewing U.S. proposal as Trump pressures Tehran for agreement on deal to end war

Iran stated on May 7, 2026, that it is reviewing the latest American proposals aimed at ending the ongoing conflict with Israel. The country’s foreign ministry emphasized its willingness to negotiate but stressed that any agreement must include the reopening of the Strait of Hormuz to international shipping. Meanwhile, Iran firmly rejected allegations that its armed forces attacked the Panama-flagged South Korean cargo ship HMM Namu on May 4, 2026, while it was transiting the strategic waterway. Former U.S. President Donald Trump escalated tensions by warning Iran of a new wave of bombing unless a deal is reached. His statements followed the U.S. military’s action on May 6, 2026, when a fighter jet shot out the rudder of an Iranian oil tanker attempting to breach the American blockade of Iran’s ports. The incident occurred in the Gulf of Oman, as confirmed by U.S. Central Command. The HMM Namu, carrying 24 crew members, caught fire on May 4 while passing through the Strait of Hormuz, a critical shipping route. Iran’s embassy in Seoul denied any involvement, calling the allegations baseless. The incident raised concerns about escalating tensions in the region, particularly as diplomatic efforts to de-escalate the conflict remain fragile. Diplomatic sources suggest the U.S. proposal includes guarantees for safe passage through the Strait of Hormuz, a key demand from global shipping nations. However, Iran has not yet indicated whether it will accept the terms, leaving the possibility of further military action open. The situation remains volatile, with both sides engaged in a mix of diplomatic negotiations and direct military confrontations.