Iran live updates: Israel, Hezbollah exchange attacks as Trump mulls Iran offer

Trump told reporters Saturday that he had not yet reviewed the new Iranian peace offer but would be doing so later.

“They told me about the concept of the deal. They're going to give me the exact wording now,” he added.

Shortly later, the president confirmed on his social media platform that he was reviewing the plan.

"I will soon be reviewing the plan that Iran has just sent to us, but can’t imagine that it would be acceptable in that they have not yet paid a big enough price for what they have done to Humanity, and the World, over the last 47 years," he wrote in the post.

-ABC News' Isabella Murray

Iranian media reportedly revealed some details Saturday on the government's new peace proposal sent through Pakistani mediators last Thursday.

Semi-official news agencies Fars and Tasnim reported Tehran submitted a 14-point counterproposal to the U.S.'s nine-point proposal. The agencies claimed the U.S. requested a two-month ceasefire but Iran says issues should be resolved within 30 days.

Some of the Iranian demands included a withdrawal of U.S. forces from Iran’s surroundings, the lifting the naval blockade and a new mechanism for the Strait, lifting sanctions and ending the war on all fronts including Lebanon, according to the news agencies.

The U.S. has not commented on the specific details of their negotiations with Iran.

-ABC News' Claire Bower

The U.S. has approved $8.6 billion worth of arms for Kuwait, the UAE, Qatar and Israel -- sidestepping Congress by invoking emergency powers, according to notices published by the State Department.

The State Department notified Congress it was using its authorities for the sales, including $4 billion worth of Patriot missile interceptors for Qatar.

Since the outset of the war in Iran, the administration has used the authority for billions of dollars' worth of sales to the UAE, Israel and Kuwait.

Rep. Gregory Meeks, D-N.Y., the ranking member of the House Foreign Affairs Committee, said the administration was "using the veneer of an emergency declaration to push through sales with no urgent nexus to current conflicts."

-ABC News' Chris Boccia

Iran’s armed forces say it is "likely" the U.S.-Israel war on the country will resume as "evidence shows the US is not committed to any agreements or treaties."

"The actions and statements of U.S. officials are primarily media-driven aimed first at preventing a drop in oil prices and second at extricating themselves from the mess they have created," Mohammad Jafar Asadi, deputy of the military headquarters, said in a statement carried by Iran’s Fars news agency.

"The armed forces are fully prepared for any new adventures or foolishness from the Americans."

-ABC News's Lama Hasan