US President Donald Trump said Washington is holding "very good" discussions with Iran and that Tehran is keen on signing a deal, but he threatened that Iran would be "hit very hard" unless the Strait of Hormuz is reopened "very soon." In a Fox News interview, Trump did not specify a deadline, but warned that the strait must be reopened quickly. The remarks come as the Middle East conflict enters its sixth month. The prolonged standoff is also weighing on other economies: Chile's peso-denominated bond yields risk hitting their highest level this year in August, according to analysts, as the country's economy struggles to gain momentum.