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The US president has threatened to take out Iran "in one night" if it does not agree to open the Strait of Hormuz.
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Sharpening rhetoric erodes confidence of a breakthrough between Iran and the White House ahead of an 8 p.m. ET deadline.
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Crude prices extended gains after Trump repeated the Tuesday deadline for escalating attacks on Iran's power plants and bridges.
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President Trump has set a deadline of Tuesday night for Iran to make a deal, or face escalated attacks. "The entire country can be taken out in one night," President Trump said, "and that night might be tomorrow night." NBC News' Garrett Haake reports.
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Nations in the region have been keen to reach agreements as their economies are heavily reliant on Middle East energy.
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The 45-day ceasefire proposal, which could lead to an end to the war, is reportedly being discussed by the U.S., Iran and a group of regional mediators.
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Oil prices rose again as President Donald Trump stepped up his threats against Iran if Tehran does not come to a deal on the Strait of Hormuz.
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As President Trump's deadline for new attacks loomed, Iran conveyed its conditions through Pakistani intermediaries.
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One potential off-ramp appeared when Iran offered a 10-point counterproposal for ending the war that President Trump called a significant step, if "not good enough."
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The president has given Iranian officials until 8 p.m. Tuesday to make a ceasefire deal or face widespread destruction. Tehran on Monday reasserted its rejection of U.S. demands.
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As deadlines approach in the next two weeks, neither is going quite according to the partisan plan.
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The demand reflects both the U.S. administration's eagerness to secure a lasting cease-fire in Gaza and its growing impatience with the Palestinian militant group.
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Ordinary Iranians respond to the US president's threat to destroy Iran's power plants and bridges unless it opens the Strait of Hormuz.
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President Donald Trump has threatened major strikes on Iran's energy infrastructure and bridges ahead of his latest deadline to open the Strait of Hormuz
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