Iran denies ship attack as Trump warns of renewed bombing, eyes deal

Iran denied attacking a South Korean cargo ship in the Strait of Hormuz, with Trump warning of renewed bombing if talks failed. Reports suggest both sides are close to an agreement on a memorandum of understanding, and France is preparing for a multinational mission to restore navigation in the strait. Investors reacted positively, driving stock markets higher, and oil prices halted their week-long declines.