US President Donald Trump has reiterated his warning to Iran, stating that the country must accept his proposed deal for a lasting truce or face significant military action. Trump emphasized that if Iran agrees to the terms, the Strait of Hormuz, a crucial maritime chokepoint, would be opened for all countries, including Iran. The deal is seen as a potential resolution to ongoing hostilities and could result in a moratorium on nuclear enrichment by Iran, alongside the lifting of US sanctions and the release of billions in frozen Iranian assets. Negotiations are reportedly advancing towards a one-page memorandum of understanding, which would declare an end to hostilities and initiate a 30-day period for detailed discussions on various issues, including the Strait of Hormuz and Iran's nuclear program. However, Trump cautioned that if Iran does not comply, military action would escalate significantly.