Trump considers 'massive attack' on Iran; Pakistan seeks to restart peace talks

President Donald Trump said he will soon make a decision on whether to launch a "massive attack" on Iran after the conflict in the Middle East extended to a new battleground in the Red Sea.

At the same time, Pakistan is looking for ways to restart stalled peace talks between the U.S. and Iran, Reuters reported Friday morning, citing three Pakistani sources.

Stocks rose, and oil prices fell following that report, which gave investors new hope that the warring powers could find an off-ramp from their path of escalating hostilities.

Trump's Remarks on a Potential Attack

Speaking to Axios on Thursday, the president said that the proposed strikes would be bigger than anything seen in the war so far, and that Iran has not "received enough pain yet."

"I am considering a massive attack. Bigger than ever before. I am close to making a decision. We are all set for it," Trump said in the interview.

Trump did not give a deadline for when he would make a decision about a major attack on Iran, according to Axios. He said Israel would join the operation "in two minutes if I ask them to," but that Israel would potentially face retaliation from Iran if it did take part.

The president also repeated his claim Iran wants to negotiate, but added that Tehran is not yet ready to make a deal with the U.S.

Pakistan's Mediation Efforts

Iranian Interior Minister Eskandar Momeni visited Islamabad for the second time in 10 days to participate in exploratory discussions, according to Reuters.

Momeni, who is seen as being allied with Iran's Revolutionary Guard, met with Pakistani leaders and its defense chief, Asim Munir, during his latest trip, the report said.

The drive by Pakistan — a mediator throughout the U.S.' nearly five-month-long war with Iran — to find a diplomatic path forward came after a push initiated by China, Iran's largest trading partner, Reuters reported.

U.S. Military Operations

U.S. forces have pummeled Iranian targets over the past two weeks, with Central Command completing a 13th consecutive night of strikes overnight.

Iran officials have remained publicly defiant.

Russia and China's Role

Defense Secretary Pete Hegseth told the Senate Appropriations Committee this week that Russia and China "are, at different levels, enabling some of the things Iran is doing."

But Trump said in a Truth Social post Friday morning that, based on assurances he received from Russian President Vladimir Putin and Chinese leader Xi Jinping, the "two major Countries that people speak of often in terms of Iran are, in my opinion, not participating."

"If they did, it would be very bad for them — Certainly not in their best interests," Trump wrote, citing their assurances.

Houthi Attacks and U.S. Response

On Thursday, Trump said he would hold Iran responsible for further attacks by Yemen's Tehran-backed Houthis, after the militant group claimed to have struck two Saudi oil tankers in the Red Sea.

"If they do this again, the U.S. will hold Iran responsible, in that the Houthis are a Surrogate and/or Proxy of Iran, and major military punishment will be inflicted upon Iran and, of course, the Houthis, themselves," Trump said.

Watch now: "Iran war won't stretch into long-term conflict, impact on inflation still unclear" — Access Middle East