Trump Says US Is in 'Final Stages' With Iran

Summary

President Trump claims the US is in the 'final stages' with Iran, but it's unclear if a deal is near or if it's posturing. Iran warns of retaliation if strikes resume. Bloomberg's Paul Wallace reports that while oil flows through the Strait of Hormuz have picked up slightly, they remain far below pre-war levels, and negotiations are ongoing via Pakistan.

• Trump says US is in 'final stages' with Iran, threatening more attacks if no deal.
• Iran's president says forced surrender is an illusion and warns of retaliation.
• Pakistan is the main mediator; Iran is assessing the latest US proposal.
• A short-term deal could reopen the Strait of Hormuz and lift the naval blockade.
• Oil flows through the strait have picked up but are still far below prewar levels.
• Trump is seen as wanting to avoid a return to hostilities due to high energy prices.