Trump has declared Tehran’s recent peace proposal a “piece of garbage” as he reportedly mulls new strikes The US and Iran remain miles apart on a potential peace deal, with a tentative month-old ceasefire teetering on the brink amid recurring naval skirmishes and President Donald Trump’s blockade of Iranian ports. The continued standoff has triggered fears that Washington and Tehran could return to full-blown hostilities, exacerbating the oil shock and pressure on the global economy. Ceasefire on ‘life support’ On Monday, Trump provided a glimpse into the dire state of diplomacy between the US and Iran, saying that “the ceasefire is on massive life support” while dismissing the recent peace proposal from Tehran as a “piece of garbage” that he said he “didn’t even finish reading.”   Meanwhile, CNN reported on Tuesday, citing sources, that Trump has grown “increasingly frustrated” with Iran’s handling of negotiations, while several US officials are questioning whether Tehran is willing to engage at all.…