Iran must make 'meaningful deal' or 'bad things happen', warns Donald Trump

President Donald Trump on Thursday urged Iran to strike a "meaningful" deal as a huge American military build-up takes shape in the Middle East amid US threats of action against its adversary.

"It's proven to be over the years not easy to make a meaningful deal with Iran. We have to make a meaningful deal otherwise bad things happen," Trump told the inaugural meeting of the "Board of Peace," his initiative to secure stability in Gaza.

He warned that Washington "may have to take it a step further" without any agreement, adding: "You're going to be finding out over the next probably 10 days."

Iran’s Islamic Revolutionary Guard Corps Navy has launched naval exercises in the Strait of Hormuz under the title “Smart Control of the Strait of Hormuz”.

According to Iranian news agencies, the joint military drills are being conducted in the strategically sensitive waterway.

Reports say the exercises are being overseen by IRGC commander Mohammad Pakpour.

Officials stated that the drills aim to assess the operational readiness of naval units and evaluate their ability to respond swiftly and effectively to potential security and military threats.