US President Donald Trump says the latest Iranian peace proposal includes demands he ‘can’t agree to’.

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United States President Donald Trump has voiced frustration with Iran’s latest peace proposal, saying “they’re asking for things I can’t agree to”, and cautioning against ending the conflict too early, only for tensions to resurface “in three more years”.

At the same time, Washington has warned that ships paying tolls or fees to Iran to transit the Strait of Hormuz could face US sanctions, signalling a tougher stance on maritime activity linked to Tehran.

Meanwhile, a new Washington Post-ABC News-Ipsos poll shows 61 percent of Americans believe Trump’s use of military force against Iran was a mistake.

Here is what we know: