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NOW: "I want to give them every last chance before decapitation." President Trump tells @LucasFoxNews Iran is asking for another chance to negotiate and insists he would rather make a deal than launch another major military strike: "They called me and they said, please don't attack. We'll make a deal. That's the real truth. And everyone knows it."

The war in Iran has fueled blowout profits for the oil majors. Clayton Allison of Prime Capital Financial told Reuters their ability to set prices is likely to stay high for a long time, but that doesn't mean they will be confident in future demand to invest in new drilling

Is there actually an end to the Iran conflict in sight, or is talk of a deal just wishful thinking? Fox News chief foreign correspondent @TreyYingst says the real question isn't whether President Trump wants a deal — it's whether the Iranian officials negotiating with his team are actually in a position to enforce one. Yingst tells @ShannonBream on @FoxNewsSunday there doesn't appear to be any firm deadline. Meanwhile, a U.S. naval blockade of Iranian ports is reportedly costing Tehran hundreds of millions of dollars a day as crude oil exports continue to fall. Iran now faces a choice: reach an agreement with the Trump administration, or risk a return to war.

The U.S. hasn't launched strikes on Iran for the past three nights, but the White House says military action is still on the table. Officials say Washington is weighing diplomacy, economic pressure, and a naval blockade that is reportedly costing Tehran hundreds of millions of dollars a day. At the same time, Israel remains on high alert, Netanyahu is warning of a "very, very forceful" response to any attack, and tensions continue rising after Ukraine says it struck Iranian military cargo vessels in the Caspian Sea. | @TreyYingst@foxandfriends

FOX News' @TreyYingst reports live from Tel Aviv as the Iran conflict enters a new phase. The United States has paused strikes against Iran, but tensions remain high as the Trump administration says it continues to pursue a diplomatic solution while keeping all options, including military force, on the table.