US and Iran Trade Strikes as Deal Looms

Trump threatens to take control of Iran's oil, but later backs down, saying a peace deal is near. Trade strikes take place between the US and Iran as the deadline for a US-Iran deal approaches.

President Trump has threatened to 'assume total control' of Iran's oil, sparking concerns about increased tensions between the two nations. However, he later backed down on strikes, claiming a peace deal could be finalized as soon as this weekend .

Despite the back-and-forth between Trump and Iran, the US and Iran have engaged in trade strikes, with the situation remaining tense. Iran has also been warned about 'bigger, more powerful' hits from the US.

However, in a surprise move, Trump announced a reversal in stance and expressed confidence in a peace deal, bringing relief to markets and nations involved.

The conflicting statements from the President have raised eyebrows, indicating a delicate situation with multiple possible outcomes, underscoring the need for caution in interpreting US-Iran relations.