Trump Warns of Major War Escalation If Iran Peace Process Fails

WASHINGTON/DUBAI/TEL AVIV, April 9 (Reuters) – U.S. President Donald Trump vowed to retain military assets in the Middle East until a peace deal with Iran is reached and warned of a major escalation in fighting if it failed to comply, as oil prices rose on concerns over supply and restrictions in the Strait of Hormuz.

Trump said in a social media post U.S. ships, aircraft and personnel with additional ammunition and weaponry would remain in place to destroy, if necessary, “a substantially degraded enemy”, but expressed confidence that a lasting deal would be agreed and