US President Donald Trump says there’s a “very good chance” of reaching a deal limiting Iran’s ‌nuclear program, hours after pausing a planned attack against Iran after Tehran sent a peace proposal to Washington.

Trump said late on Monday (US time) he had instructed the US military that “we will NOT be doing the scheduled attack of Iran tomorrow, but have further instructed them to be prepared to go ‌forward with a full, large scale assault of Iran, on a moment’s notice, in the event that an acceptable Deal is not reached”.

No such attack had previously been announced, and Reuters could not determine whether preparations had been made for strikes that would mark a renewal of the war Trump started in late February.

Under pressure to reach an accord that would reopen the Strait of Hormuz, Trump has previously expressed hope that a deal is close on ending the war, and similarly threatened heavy strikes on Iran if Tehran does not reach a deal.

In his post to Truth Social, he said the leaders of Qatar, Saudi Arabia and the United Arab Emirates had requested that he hold off ‌on the attack because “a Deal ‌will be made, which will be ⁠very acceptable to the United States of America, as well as all Countries in the Middle East, and beyond”.

Trump offered no details of ​the agreement being discussed.

After his post, he said at the White House that this time was “a little bit different” from previous instances when he thought Iran was close to a peace deal.

“It’s a very positive development, but we’ll see whether or not it amounts to anything,” he said.

“This is a little bit different.”

Iran remained defiant in statements issued on state media after Trump’s announcement, warning the US and its allies against making any further “strategic mistakes ​or miscalculations” in attacking ‌Iran, while contending the Iranian armed forces were “more prepared and stronger than in the past”.

Iran’s top joint military command, Khatam al-Anbiya, said Iran’s armed forces were “ready to pull the trigger” if there was any ​renewed US attack, according to Iran’s Tasnim news agency.

“Any renewed aggression and invasion … will be responded to quickly, decisively, powerfully, and extensively,” the commander of Khatam al-Anbiya, Ali Abdollahi, was quoted as saying.

The Iranian peace proposal, as described by a senior Iranian source, appeared similar in many respects to Iran’s previous offer, which Trump last week rejected as “garbage”.

It would focus first on securing an end to the war, reopening ​the Strait ​of Hormuz – a major oil supply route that Iran has effectively blockaded – and lifting maritime ​sanctions.

In an apparent softening of Washington’s stance, the senior Iranian source on Monday ‌said the US had agreed to release a quarter of Iran’s frozen funds – totalling tens of billions of dollars – held in foreign banks. Iran wants all the assets released.

The Iranian source also said Washington had shown more flexibility in agreeing to let Iran continue some peaceful nuclear activity under supervision of the International Atomic Energy Agency.

The US has not confirmed it has agreed to anything in the talks.

Iran’s Tasnim news agency separately quoted an unidentified source as saying the US had agreed to waive oil sanctions on Iran while negotiations were under way.

Iranian officials did not immediately comment on Tasnim’s report, which a US official, who declined to be named, said was false.

A fragile ceasefire remains after six weeks of war that followed US-Israeli airstrikes on Iran. However, drones have been launched from Iraq towards Gulf countries, including Saudi Arabia and Kuwait, apparently by Iran and its allies.

On Monday, Pakistan’s Foreign ​Ministry condemned an attack ⁠on Sunday, in which Saudi Arabia said it had intercepted three drones that entered the country from Iraqi airspace.

-with AAP