US President Donald Trump has said a Trump Iran deal is “very possible”, but warned that bombing could resume at a higher intensity if negotiations fail.

Iran has not accepted the latest US proposal. Tehran says it is still reviewing the plan, while Pakistan continues to play a key mediation role in talks aimed at ending the conflict and reopening the Strait of Hormuz.

Trump Iran deal hinges on Tehran’s response

Trump said on Wednesday that the war would end if “Iran agrees to give what has been agreed to”, according to the source report. However, he warned that if talks collapsed, US bombing would resume “at a much higher level and intensity”.

Iranian foreign ministry spokesman Esmaeil Baqaei said the US proposal remained under review. He said Tehran would give its position to mediator Pakistan after finalising its response.

The Associated Press reported that the US military fired on an Iranian oil tanker in the Gulf of Oman on Wednesday after it allegedly tried to breach the American blockade of Iranian ports. AP said the incident came despite a ceasefire between Washington and Tehran.

Strait of Hormuz remains the key pressure point

The Strait of Hormuz remains central to the Trump Iran deal talks because it is a major route for global oil and gas shipments. Trump paused a short-lived US operation to guide commercial ships through the strait, saying the pause would allow time to finalise a possible agreement.

The Guardian reported that oil prices fell and stock markets rose after Trump said the strait could be “open to all” if Tehran accepted a deal. Brent crude briefly dropped below $100 a barrel before paring losses.

A UK House of Commons Library briefing says the 2026 US-Iran talks cover freedom of navigation through Hormuz, Iran’s nuclear and ballistic programmes, reconstruction, sanctions and a long-term peace agreement.

Regional reactions and Lebanon strikes

Iranian parliament speaker Mohammad Bagher Ghalibaf accused Washington of using blockade pressure, economic measures and media messaging to force Iran’s “surrender”, according to the source report.

Pakistan’s Prime Minister Shehbaz Sharif said he hoped the momentum would lead to a lasting agreement for “durable peace and stability”. Meanwhile, Israel struck Beirut’s southern suburbs, with AP reporting the attack targeted a Hezbollah Radwan Force commander.

For now, the Trump Iran deal remains uncertain. Markets have welcomed signs of progress, but Tehran’s formal response will decide whether talks move forward or the conflict escalates again.