In an interview with the New York PostPresident Donald Trump said US warships are being reloaded with “the best ammunition” in case strikes on Iran resumeWarned military action will follow if peace talks failSaid outcome of negotiations should be known within ~24 hoursPeace talks taking place in Pakistan (Islamabad) following a two-week cease-fireUS delegation includes JD Vance, Steve Witkoff, and Jared KushnerIran expected to be represented by Abbas Araghchi and Mohammad Bagher GhalibafUS demands include:Hand over ~1,000 pounds of enriched uraniumKeep the Strait of Hormuz open to shippingEnd support for regional proxy groupsAddress ballistic missile programIran maintains it has a right to enrich uraniumIran seeking lifting of US sanctionsStrait of Hormuz only partially reopened; limited ship traffic since cease-fireTrump says reopening the strait is a critical condition for any dealTrump expressed distrust of Iran, citing conflicting statements on nuclear intentionsThe clock is ticking on this one. The U.S. is heading into talks with Iran, but at the same time, Trump is making it clear the military option is loaded and ready to go if things fall apart. The key sticking points are uranium, the Strait of Hormuz, and broader security issues, and there’s still a wide gap between the two sides. So while there is a cease-fire and negotiations are underway (for 2-weeks or so they say), the market should understand this is far from resolved — and the next 24 hours could quickly shift the story back toward escalation if a deal isn’t reached. This article was written by Greg Michalowski at investinglive.com.