President Trump said Wednesday that the U.S. and Iran have had "good talks over the last 24 hours," and expressed confidence that a deal is possible in the coming days. Why it matters: The White House is waiting for Iran's response to a one-page memorandum of understanding (MOU) to end the war and set a framework for more detailed nuclear negotiations, as Axios first reported . U.S. officials said they expect a response from Tehran in the next 24-48 hours. "We are not far, but there is no deal yet," one U.S. official said. Yes, but: Other U.S. officials are more skeptical a deal will come together. State of play: The White House wants a diplomatic breakthrough by the time Trump wraps his China trip next Friday, officials say. If no deal is in hand by then, the president could again consider ordering military action. "If they don't agree, the bombing starts, and it will be, sadly, at a much higher level and intensity than it was before," Trump wrote on Truth Social on Wednesday.β¦