President Trump threatened to intensify airstrikes against Iran if a peace deal is not reached, while Iran demanded compensation for losses incurred in the conflict. The United States and Iran are close to agreeing a one-page memo to end their war, which would involve Iran committing to a moratorium on nuclear enrichment and the United States agreeing to lift sanctions. Israel and the United States have launched attacks on Tehran and other Iranian cities, and Iran has tightened control over the Strait of Hormuz in response.