The rapidly shifting rhetoric has roiled markets as traders search for signs that a deal may be near. | World News

Speaking after Monday's exchange of strikes — the biggest blow yet to the April ceasefire in the Iran war — Trump said bombing Iran further would keep the Strait of Hormuz closed…

Analysts still assume that, despite the continued conflict, a deal will eventually be reached that ends the war and reopens the Strait of Hormuz.

President Donald Trump announced on Thursday that he has called off impending strikes on Iran due to the state of negotiations.