President Donald Trump said Monday the United States is engaged in “very deep talks” with Iran but warned Washington is prepared to resume “very strong military action” if diplomacy fails, saying he agreed to pause plans to expand the U.S. military campaign to give negotiations another opportunity.

Trump told Axios in an interview published earlier Monday that he agreed to hold off on additional military action after mediators involved in the negotiations urged him to give diplomacy another chance amid ongoing regional efforts to broker a diplomatic breakthrough.

“We are in very deep talks with Iran,” Trump said. “If they don’t work out, we will go back to very strong...

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