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I'm Ed Kalecki.

President Trump said Saturday that time was running out on his 10-day deadline for Iran to make a peace deal with the U.S.

and threatened that the Islamic Republic would face all hell in 48 hours.

Trump said in a social media post the day before Easter, remember when I gave Iran 10 days to make a deal or open up the Hormuz Strait?

Time is running out.

48 hours before all hell will rain down on them.

Glory be to God.

President Trump has not discussed the search for a missing U.S.

airman, but did tell NBC the operation would not affect ongoing negotiations to end the war with Iran.

Bloomberg's Jamie Tarabay weighs in.

Bloomberg's Jamie Tarabay on Bloomberg this weekend.

Traffic through the vital Strait of Hormuz has begun picking up in the past week with a seven-day rolling average for transits on Friday reaching the highest since the war started.

More vessels are crossing, including those with no clear links to Iran or China, as nations negotiate with Tehran to get their ships through.