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I'm Dan Schwartzman.

The ceasefire between the U.S.

and Iran is on, quote, life support after President Trump rejected Tehran's latest peace offer.

We're told Iran responded to the U.S.

peace proposal by demanding a lifting of Washington's naval blockade and sanctions relief while maintaining control over traffic through the Strait of Hormuz.

Trump did not indicate whether the U.S.

would resume military attacks on Iran as he previously has threatened if the Islamic Republic's leadership didn't agree to his terms.

Iran says it has deployed small submarines to act as a, quote, invisible guardian of the Strait of Hormuz amid rejected peace deals with the U.S.

The submarines, known as Ghadir-class midget subs, are noisy and have maintenance issues, and their crews have limited experience.

Iran's decision to deploy the submarines came as President Trump told Fox News he was considering a revival of a plan to use the U.S.

military to escort ships.