New Delhi, March 24 -- Iran has delivered a pointed warning to US President Donald Trump and his allies in the Gulf, signaling a potential escalation in an already volatile standoff centered on the Strait of Hormuz.

Iran's state-run Fars News Agency citing a source claimed that imminent retaliatory actions are being prepared, as per reports.

"Tonight, special events are planned for Tel Aviv and some regional allies of the US and Israel that will completely remove the hope of negotiations from the minds of the aggressors."

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The statement underscores rising fears that diplomatic channels may be closing, even as public rhetoric continues to reference possible negotiations.

Trump on Monday (March 23) sa...