Trump Threatens Iran with Higher Bombing Levels Amid Peace Deal Talks

President Trump stated that the U.S. military offensive, Operation Epic Fury, could escalate if Iran does not agree to a peace deal. Reports indicate that Washington and Tehran are near a 14-point memorandum of understanding to end the war. Trump noted the naval blockade might be lifted if terms are met, which could impact oil shipping routes in the Strait of Hormuz. Stock indices rose and oil prices fell in response to these developments, hinting at market reactions to potential peace.