Trump threatens Iran with more bombing if nuclear deal talks fail

Trump threatened Iran with further bombing if a nuclear deal is not reached, suggesting Operation 'Epic Fury' would end and the Strait of Hormuz would be open to all in such a scenario. The U.S. and Iran are nearing completion of a one-page memo to conclude the conflict, with proposed terms including Iran agreeing to a nuclear enrichment moratorium and the U.S. lifting sanctions and releasing frozen Iranian funds. The announcement triggered a positive market reaction, causing crude oil prices to fall below $100, reaching $89 on Wednesday.