- Donald Trump has threatened Iran with further bombing if a deal to end the war is not reached.
- He said that if Iran agrees to the terms, Operation 'Epic Fury' would end, and the Strait of Hormuz would be open to all.
- But “if they don’t agree, the bombing starts, and it will be, sadly, at a much higher level and intensity than it was before”, he said.
- Reports indicate that the U.S. and Iran are close to finalizing a one-page memo to conclude the conflict; proposed terms include Iran agreeing to a nuclear enrichment moratorium, while the US would lift sanctions and release frozen Iranian funds.
- The price of crude oil fell below $100, reaching $89 on Wednesday in response to the announcement as the markets reacted positively to the news.
