US President Donald Trump has indicated that the country is close to making a decision on renewed military action against Iran.

In a statement, he said the US was just hours away from authorizing an operation on Monday and left the door open for further strikes through the weekend.

The comments come amid ongoing tensions between the US and Iran, with previous diplomatic efforts failing to resolve the conflict.

The potential for renewed hostilities has already triggered market jitters, with energy prices and risk assets under pressure.

Analysts are closely watching how the situation unfolds, as any escalation could disrupt global oil flows and increase volatility in the Middle East.

The Strait of Hormuz, a critical shipping route for oil, remains a focal point of concern.