US President Donald Trump issued a stark warning to Iran, stating that if the country agrees to the terms of ongoing negotiations, the US military operation known as Operation Epic Fury will conclude, and the Strait of Hormuz will be reopened to all, including Iranian vessels. However, Trump cautioned that should Iran reject the deal, bombing would escalate significantly. This ultimatum follows Secretary of State Marco Rubio's announcement that Operation Epic Fury has achieved its objectives, with no further escalation sought by the US. Despite progress in peace negotiations, the naval blockade on Iranian ports will remain in effect. Iran's recent proposal aims to resolve the shipping standoff while delaying discussions on its nuclear program, a stance that contradicts Washington's insistence on immediate nuclear restrictions. The geopolitical situation has led to fluctuations in oil prices, with current rates hovering above $100 per barrel, while US gasoline prices have risen to $4.48 per gallon. Talks are being mediated by Pakistan, with Iranian Foreign Minister Abbas Araghchi emphasizing the need for a political solution rather than military intervention.