US-Iran Near ‘One-Page Memo’ Deal Trump Warns Of Fresh Bombing If Talks Fail

The US and Iran are nearing an agreement on a proposed one-page memorandum to formally end the war in the Gulf, with Donald Trump warning that military action would resume at a higher intensity if Iran rejects the deal. This memorandum could pave the way for negotiations on reopening shipping through the Strait of Hormuz, lifting US sanctions on Iran, and agreeing curbs on Iran’s nuclear programme. The news triggered a sharp market reaction, with Brent crude futures falling significantly and stock prices rising.