Donald Trump says the US has received a "workable" 10-point plan from Iran after the two countries agreed to a two-week ceasefire, labelling it a "complete victory" for his nation.
The US president exclusively told Sky News' US correspondent Mark Stone that many of the points were "very good" and that most had already been fully negotiated.
But Stone and US correspondent Martha Kelner have said a version of the plans shared by Iranian media would prove a "massive strategic defeat" for the US.
What are Iran's 10 points?
What are both sides saying about the plan?
Iran's president Masoud Pezeshkian claims the "general principles desired by Iran" have been accepted by the US.
But experts such as Stone say the points outlined by Iran are "maximalist" and "wildly undeliverable", with Tehran demanding the total withdrawal of all US forces from the Middle East and complete control of the Strait of Hormuz - which it didn't have before the war began.
A fifth of the world's liquified natural gas and crude oil typically flows through the strait but it has been blocked by Iran for weeks.
Iran war latest: Trump declares 'big day for world peace'
In a phone call with Mr Trump on Tuesday night, Stone suggested the points were unrealistic.
"You don't know what the points are," the president responded.
"I know what the points are. And many of them are very good points. I can't talk about it… but all of them are good points," he told Stone.
"This is important," Stone explained after the call. "The president was disputing the Iranian position, suggesting that the 10 points he is prepared to negotiate on are not the maximalist demands Iran is claiming form their negotiating position.
"He also said the negotiations are well developed - 'fully negotiated' - despite claims the two sides are miles apart."
Stone suggests someone - either on the US or Iran side - "isn't being straight".
What's happening now?
The two-week ceasefire is in place, despite Mr Trump threatening "a whole civilisation will die tonight" a day before it came into effect, as he tried to force Iran to reopen the Strait of Hormuz.
Some of the ceasefire's details are not clear.
Israel, which stopped firing at Iran after a final round of extensive strikes overnight between Tuesday and Wednesday, has said the ceasefire does not include Lebanon, which contradicts claims by Shehbaz Sharif, the Pakistani prime minister, who said the pause on hostilities did include the country.
Pictures from Wednesday morning showed huge plumes of smoke rising from the Lebanese city of Tyre after fresh Israeli strikes, which came after its forces issued evacuation notices to residents living in certain suburbs of the city.
Pakistan has acted as an intermediary in the war, and has offered to host both sides for talks, beginning on Friday in Islamabad.
It could be the first face-to-face interaction between US and Iranian officials since the start of the conflict at the end of February.
(c) Sky News 2026: What is Iran's 10-point peace plan - and what has Trump said about it?


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