Pakistan, May 13 -- Iran has warned the United States to accept its latest peace proposal or face continued setbacks, as tensions remain high despite an ongoing ceasefire in the wider Middle East conflict.

Read More: Trump rejects Iran proposal as peace deal hopes fade

Iran's chief negotiator, Mohammad Bagher Ghalibaf, said Washington has no option but to recognise what Tehran calls the legitimate rights of the Iranian people under its newly submitted 14-point peace plan. He said any attempt to ignore the proposal would only lead to repeated failure.

The latest diplomatic exchange comes after US President Donald Trump criticised Iran's response to an earlier American proposal, calling Tehran's counteroffer "totally unacceptable". Trump...