U.S. President Donald Trump holds an event with UFC fighters in the Oval Office at the White House in Washington, D.C., U.S., May 6. Reuters-Yonhap

ISLAMABAD/WASHINGTON/TEL AVIV — U.S. President Donald Trump predicted a swift end to the war with Iran as Tehran considered a U.S. peace proposal that sources said would formally end the conflict while leaving unresolved key U.S. demands that Iran suspend its nuclear programme and reopen the Strait of Hormuz.

An Iranian foreign ministry spokesperson cited by Iran's ISNA news agency said Tehran would convey its response, while Iranian lawmaker Ebrahim Rezaei, a spokesperson for parliament's powerful foreign policy and national security committee, described the proposal as "more of an American wish-list than a reality."

"They want to make a deal. We've had very good talks over the last 24 hours, and it's very possible that we'll make a deal," Trump told reporters in the Oval Office on Wednesday, saying later "it'll be over quickly." Trump has repeatedly played up the prospect of an agreement to end the war that started on February 28, so far without success.

The two sides remain at odds over a variety of difficult issues, such as Iran's nuclear ambitions and its control of the Strait of Hormuz, which before the war handled one-fifth of the world's oil and gas supply. A Pakistani source and another source briefed on the mediation said an agreement was close on a one-page memorandum that would formally end the conflict. That would kick off discussions to unblock shipping through the strait, lift U.S. sanctions on Iran and set curbs on Iran's nuclear programme, the sources said.

A separate senior Pakistani official involved in the talks told Reuters on Thursday that negotiators were hopeful of reaching a deal but noted gaps between the sides remained.

"Our priority is that they announce a permanent end to war and the rest of the issues could be thrashed out once they get back to direct talks," said the official, speaking on condition of anonymity.

Iran's parliament speaker Mohammad Baqer Qalibaf appeared to mock reports that indicated the two sides were close, writing on social media in English that "Operation Trust Me Bro failed."

Qalibaf said such reports amounted to U.S. spin following its failure to open the Strait of Hormuz.

A billboard with a graphic design about the Strait of Hormuz on a building in Tehran, Iran, May 6, in this photo provided by West Asia News Agency. Reuters-Yonhap

Source: Korea Times News