It's a phishing email (iTunes doesn't send emails about accounts being 'suspended', and accounts don't get deleted ; it also doesn't address you by name) - you could forward it to Apple : reportphishing@apple.com , and then delete it.
Phishing and similar emails : Avoid phishing emails, fake 'virus' alerts, phony support calls, and other scams - Apple Support
Genuine iTunes emails : Identifying legitimate emails from the iTunes Store - Apple Support