US President Donald Trump on Sunday called the most recent peace proposal from Iran “totally unacceptable” as the two countries struggle to make a deal to end the monthslong war.

Tehran’s counter-proposal included recognition of sovereignty over the blockaded Strait of Hormuz and a demand for compensation for war damages, Iranian state media reported. The proposal demands the release of frozen Iranian assets as well as the lifting of sanctions.

CNN’s Julia Benbrook reports from the White House. Retired admiral James Stavridis and former Pentagon official Sabrina Singh break down the latest on the peace process, while CNN business senior reporter David Goldman identifies possible silver linings in a potential deal.

0:00 Trump rejects Iran’s latest proposal to end the conflict

2:26 Former NATO commander details Trump’s options going forward

5:54 Former Biden Pentagon official says Iran has more time to make a deal than the US

8:30 How could the war lead to positive outcomes in the global energy markets?

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