US President Donald Trump has warned Iran it will face "a much higher level and intensity" of strikes if it fails to agree to a peace deal that the two sides are reportedly closing in on.

The United States will pause escorting commercial ships through the Strait of Hormuz barely a day after it began doing so, President Donald Trump said, citing a desire to reach a peace deal with Iran.

Iran has yet to respond to a new US proposal. Read more at straitstimes.com. Read more at straitstimes.com.

US media is reporting that both sides may be close to agreeing a one-page memorandum of understanding to end the conflict.

US President Donald Trump on Wednesday told reporters that the U.S. has had very good talks with Iran in the last 24 hours.

The US president pauses the military operation to get ships through the Strait of Hormuz two days after he announced it.

Tensions in the Strait of Hormuz escalated on Monday after US President Donald Trump announced that Washington was beginning "Project Freedom" to help "guide" ships stranded by Iran's closure of the…

May 6 (UPI) -- More negotiations to end the war in Iran were in progress, sources told media outlets Wednesday as President Donald Trump renewed threats against the country on social media.