Iranian officials have considered targeting U.S. military assets in Bulgaria and Cyprus if the war escalates, the Financial Times reported Wednesday, citing two regime insiders. CNBC said it contacted Iran's Military of Foreign Affairs for comment but could not independently verify the report. Talks between Washington and Tehran have stalled, and President Donald Trump said Tuesday that the United States is not currently negotiating with Iran or planning to restart discussions. Trump also ruled out extending the 60-day ceasefire agreement that expired Monday. The United Arab Emirates paused all trade, commercial exchanges and financial transactions with Iran until further notice after its Ministry of Defense reported detecting two ballistic missiles launched from Iran toward UAE territorial waters. Traffic through the Strait of Hormuz remains extremely low despite Trump's claim that the waterway has reopened under U.S. control, and an attack on a cargo vessel transiting the strait killed one person this week. The standoff has also strained relations with U.S. allies: Trump threatened to "bomb the s--- out of" Oman if it "gets in the way" of U.S. objectives in the Middle East and ordered Defense Secretary Pete Hegseth to "substantially reduce" joint drills with South Korea.