Trump's Iran Ultimatum Escalates Nuclear Standoff, Threatening Regional War and Oil Markets

President Trump has issued an ultimatum, demanding that Iran abandon its nuclear program or face military action. Diplomatic talks are underway in Switzerland, with Special Envoy Steve Witkopf and Jared Kushner representing the U.S. Iran has rejected the U.S. demand for no uranium enrichment, asserting its program is for peaceful purposes and threatening retaliation if attacked.

The U.S. has increased its military presence in the region, deploying an aircraft carrier and a guided missile destroyer. President Trump has also indicated that regime change in Iran could be a desired outcome.