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U.S. President Donald Trump has said that he would consider ending the ceasefire with Iran if any American troops are killed in the renewed tensions with Iran, according to the Wall Street Journal.

U.S. President Donald Trump said in a post on Truth Social on Tuesday that the U.S. and Iran deal negotiations are ongoing, dismissing reports of strained relations between the two countries.

U.S. President Donald Trump said on Monday in a post on Truth Social that “Talks are continuing, at a rapid pace, with the Islamic Republic of Iran,” although media reports indicate that Iran has hit the brakes on negotiations.

American stock markets clocked a record rally in May, with all three major indexes notching multiple records amid solid gains, with technology shares largely fueled the uptick.

According to a report from Axios, the U.S. and Iran have reached a tentative deal to extend the ceasefire between the two nations by 60 days and are on track to discuss Tehran’s nuclear program.

A report from Reuters stated that the U.S. military had launched overnight strikes in Iran, targeting ‌a military site and drones that were viewed as a threat around the Strait of Hormuz.

Markets have been closely tracking developments in the Middle East, with the U.S.-Iran war now in its 13th week.

U.S. President Donald Trump said in a post on Truth Social on Monday that negotiations with Iran are proceeding nicely, even as the military conducted “self-defense strikes” on southern Iran.

During his speech, Trump said that the Fed lost its way in the eyes of many over the past few years, adding that the central bank got distracted by concerns far removed from its mission and mandate.