US-Iran deal could happen as soon as Monday, Trump says, ‘Iran is negotiating now’

US President Donald Trump has sharply escalated tensions with Iran, issuing a new ultimatum tied to the reopening of the Strait of Hormuz while simultaneously signaling that a diplomatic breakthrough may still be possible.

In a post on Truth Social, Trump warned of potential large-scale strikes on Iranian infrastructure if Tehran fails to reopen the strategic waterway, writing:

 “Tuesday will be Power Plant Day, and Bridge Day, all wrapped up in one, in Iran. There will be nothing like it!!! Open the F****ing  Strait… or you’ll be living in Hell.” He also added the phrase “Praise be to Allah,” drawing further international attention to the unusually forceful message.

Despite the heightened rhetoric, Trump told Fox News there is still a “good chance” of reaching an agreement with Iran by Monday, which he described as a key deadline tied to his ultimatum. He said negotiations remain active, suggesting a deal could still be achieved even as military threats remain on the table.

Separately, Iranian officials indicated that the Strait of Hormuz would only reopen once compensation is secured for damages linked to the conflict, proposing what they described as a new transit toll mechanism for passage through the vital shipping route.