President Trump has confirmed Iran is in 'serious discussions' with the U.S. following the steady build-up of American military forces in the Gulf. The U.S. president expressed hope that negotiations with Iran could lead to a resolution that would be 'acceptable', amidst soaring tensions between the two nations.

Iran's top security official, Ali Larijani, has also indicated that a framework for negotiations is in progress. Trump has recently threatened to intervene in Iran due to concerns over its nuclear activities and its violent crackdown on anti-government protests.

Iran has promised to respond 'immediately and powerfully' to any aggression, particularly as a two-day, live-fire naval exercise is scheduled in the Strait of Hormuz—an essential global shipping route where one-fifth of the world's traded oil passes.

The U.S. has warned Iran against 'unsafe and unprofessional behaviour' as it continues its military buildup, which includes the deployment of the aircraft carrier USS Abraham Lincoln. Iran's Foreign Minister Abbas Araghchi criticized the U.S. for attempting to dictate military exercises occurring within its own territory.

The situation in Iran remains volatile, as recent explosions in the country have heightened fears, leading to discussions about military action and potential future confrontations.