President Trump has confirmed Iran is in 'serious discussions' with the US following the steady build-up of American military forces in the Gulf.
The US president said he hoped negotiations with Iran would lead to something 'acceptable', as tensions between the two countries remain high.
Iran's top security official Ali Larijani also said a framework for negotiations was progressing.
Trump has threatened to intervene in Iran over its nuclear ambitions and after its deadly crackdown on anti-government protests. Iran has warned of an 'immediate and powerful response' to any aggression.
In response to US military activities, Iran is set to hold live-fire naval drills in the Strait of Hormuz, where a significant portion of global oil trade passes. The US has deployed aircraft carrier USS Abraham Lincoln to the region to assert its presence.
As the situation develops, Iranian officials denounce US directives on military exercises, emphasizing their right to conduct training on home soil.
