U.S. President Donald Trump has issued a stark ultimatum to Iran, demanding acceptance of a deal to end the ongoing war or face a new wave of U.S. bombing at a significantly higher intensity. This announcement follows reports of progress in negotiations between Washington and Tehran, which could lead to a one-page memorandum of understanding aimed at achieving a ceasefire and reopening the Strait of Hormuz, a crucial maritime route for global oil supplies. Trump indicated that if Iran does not comply, military actions would escalate. Meanwhile, Pakistan is mediating discussions, with officials expressing cautious optimism about reaching an agreement within 48 hours. However, trust remains low between the two nations, complicating the negotiation process. As the situation develops, oil prices have fluctuated, reflecting market reactions to the potential deal. Trump's upcoming visit to China may further impact the discussions, as Beijing has called for a comprehensive ceasefire and has economic ties with Tehran. The ongoing conflict, which began following an Israeli strike that killed Iran's supreme leader, has reached a stalemate, with both sides appearing unwilling to make significant concessions.