US President Donald Trump declared the month-long ceasefire between the US and Iran is on the brink of collapse, saying it’s on “massive life support” with only a 1 percent chance of survival.

The president’s comments came after Iran submitted a counter-offer to the US on Sunday, which Trump swiftly rejected as “totally unacceptable” and a “piece of garbage”. The proposal included an immediate end to the war, a halt to the US naval blockade of Iranian ports, and guarantees of no further attacks on Iran.

Ceasefire in Jeopardy

The ceasefire, which has been largely observed since April despite occasional exchanges of fire, appears to be hanging by a thread. Trump criticized Iran’s leaders, calling them “very dishonourable people” who “change their mind” frequently. He also accused Iran of going back on an agreement to allow the US to remove its supply of enriched uranium.

Iran’s foreign ministry spokesperson, Esmail Baghaei, responded by saying Tehran’s proposals were “responsible” and “generous”. The Iranian government has demanded compensation for war damage and emphasized its sovereignty over the Strait of Hormuz, a critical waterway that has been blocked by Iran, causing a rise in world oil prices.

The US has been enforcing a blockade of Iranian ports to exert pressure on Tehran to agree to its terms. Israeli Prime Minister Benjamin Netanyahu has stated that Iran’s stockpile of enriched uranium must be “taken out” before the war can be considered over.

Implications and Next Steps

The potential collapse of the ceasefire has significant implications for the region and the global economy. The US and Israel have been conducting air strikes against Iran since February, and a renewed escalation of the conflict could have far-reaching consequences. Trump has insisted that Iran will “never have a nuclear weapon”, but the situation remains volatile.

The US and Iran are at a critical juncture, with the fate of the ceasefire hanging in the balance. As the situation continues to unfold, the international community will be watching closely to see if a peaceful resolution can be reached or if the conflict will escalate further.