EconomyLens.com
No Result
View All Result
Tuesday, August 25, 2026
  • Home
  • Economy
  • Business
  • Markets
  • Tech
  • Editorials
EconomyLens.com
  • Home
  • Economy
  • Business
  • Markets
  • Tech
  • Editorials
No Result
View All Result
EconomyLens.com
No Result
View All Result
Home Economy

Iran and Trump talk down hopes of imminent peace deal

Andrew Murphy by Andrew Murphy
May 25, 2026
in Economy
Reading Time: 9 mins read
A A
3
42
SHARES
527
VIEWS
Share on FacebookShare on Twitter

Iran warned it was not yet ready to sign a deal with the US to end the conflict, and would charge "navigational fees" on Gulf shipping through the Strait of Hormuz. ©AFP

Tehran (AFP) – Iran warned Monday that, while some progress had been made, it was not yet close to striking a deal with the United States to end the Middle East war. US President Donald Trump also indicated he was in no hurry to sign. World oil prices tumbled on renewed optimism about an agreement after top US diplomat Marco Rubio suggested a deal could be reached within the day, but Iran’s foreign ministry spokesman responded: “No one can make such a claim.” Trump, meanwhile, took to his social media platform Truth Social to declare: “The deal with Iran will either be a great and meaningful one, or there will be no deal.”

Related

Canada unveils counter-tariffs of 15-50% on US goods

Volkswagen boss braces German workers for more job cuts

Trump says to double tariffs on Canada autos as trade fight heats up

Tourism boom pushes limits of Athens air traffic control

VW chief warns carmaker’s situation ‘more than critical’

Pakistan’s Prime Minister Shehbaz Sharif, whose government is spearheading efforts to mediate a negotiated agreement between the United States and Iran, met with China’s President Xi Jinping in Beijing. US and Iranian forces have observed a ceasefire since April 8 while diplomats push for a negotiated settlement; however, Iran has maintained control over Gulf shipping through the Strait of Hormuz, and the US Navy has sought to blockade Iran’s ports.

“We thought we might have some news last night, maybe today,” US Secretary of State Rubio told reporters during a visit to New Delhi, referring to hopes for a deal. “We have what I think is a pretty solid thing on the table in terms of their ability to open up the straits, get the straits open,” he said. “We’re either going to have a good agreement or we’re going to have to deal with it another way. We’d prefer to have a good agreement,” he added.

But in Tehran, foreign ministry spokesman Esmaeil Baqaei poured cold water on hopes for a quick final settlement. “It is correct to say that we have reached a conclusion on a large portion of the issues under discussion,” he told a weekly news briefing. “But to say that this means the signing of an agreement is imminent — no one can make such a claim.” Baqaei stressed that Iran would continue to manage maritime traffic through the Strait of Hormuz by charging service fees, arguing that this did not amount to Tehran “seeking to collect tolls.”

Israel’s Prime Minister Benjamin Netanyahu said on Sunday that he and Trump had agreed that “any final agreement with Iran must eliminate the nuclear threat entirely.” Ali Vaez, director of the Iran Project at the independent monitor the International Crisis Group, noted that while Tehran may have weathered the US assault and feel able to declare victory, it needed hundreds of billions of dollars to repair its shattered economy. “For Iran, the stakes are existential; for the United States, they’re short term,” he explained.

The US, he said, has also spent a fortune of its own and might have to settle for some “vague and pretty generalized promises on the nuclear front with the focus being on reopening the Strait of Hormuz, which wasn’t even closed at the beginning of the conflict.” “So you have this situation in which basically, yes, both sides will get some of what they need in a memorandum of understanding, but this is coming at an astronomical cost for them and much better options were available to both sides without going through this devastating crisis,” he added.

Iranian officials have stressed that, despite the long-standing US demand for an end to its uranium enrichment, talks on the issue of Iran’s contested nuclear program have been deferred until after an initial agreement. The war, which erupted after the United States and Israel attacked the Islamic republic on February 28, saw Iran respond with missile and drone attacks across the region, driving energy prices higher. While crude oil remains expensive by recent standards, prices have see-sawed, and Monday’s mood of relative optimism caused prices to plunge by almost five percent. The price of North Sea Brent crude and West Texas Intermediate slipped to $99.00 and $92.10 a barrel, respectively.

On Saturday, leaders from Saudi Arabia, the United Arab Emirates, Qatar, Egypt, Jordan, and Bahrain, as well as representatives from Turkey and Pakistan, joined a call with Trump to discuss the deal. The focus of international efforts moved to Beijing on Monday, where Pakistan’s Sharif and army chief Asim Munir, who visited Tehran on Saturday, met senior leaders including Xi and Premier Li Qiang. Speaking to Chinese leaders, Sharif remarked, “The world is passing through a critical moment,” as shown by Pakistan’s state-run PTV channel. “Things are moving in the right direction. I would like to thank China’s support to promote peace.”

© 2024 AFP

Tags: diplomacyIranMiddle East conflict
Share17Tweet11Share3Pin4Send
Previous Post

Oil drops below $100 on hopes of US-Iran deal to open Hormuz

Next Post

Locals at epicentre of DR Congo Ebola outbreak storm hospital

Andrew Murphy

Andrew Murphy

Related Posts

Economy

After Wildberries, Ukraine launches drone campaign on Russia’s Ozon

August 23, 2026
Economy

Trump tariffs heap up as Canada tries to curb US reliance

August 23, 2026
Economy

US, Canada fail to reach trade pact to avert Trump tariffs

August 22, 2026
Economy

Odyssey effect: stars sell Greece to a new wave of US tourists

August 23, 2026
Economy

Canadian negotiator says ‘more work to do’ on US trade deal

August 21, 2026
Economy

Brazil’s Lula urges tariffs resolution in call with Trump

August 21, 2026
Next Post

Locals at epicentre of DR Congo Ebola outbreak storm hospital

Trump links normalizing ties with Israel to Iran peace deal

Pope urges 'disarming' of AI in major manifesto

US attacks missile sites in Iran, despite ceasefire

0 0 votes
Article Rating
Subscribe
Notify of
guest
guest
3 Comments
Oldest
Newest Most Voted
  • Trending
  • Comments
  • Latest

New York ruling deals Trump business a major blow

September 30, 2024

Elon Musk’s X fights Australian watchdog over church stabbing posts

April 21, 2024

Women journalists bear the brunt of cyberbullying

April 22, 2024

France probes TotalEnergies over 2021 Mozambique attack

May 6, 2024

New York ruling deals Trump business a major blow

103

Ghanaian finance ministry warns against fallout from anti-LGBTQ law

74

Shady bleaching jabs fuel health fears, scams in W. Africa

71

Stock markets waver, oil prices edge up

65

Volkswagen boss braces German workers for more job cuts

August 25, 2026

Oil down as traders weigh US sanctions threat against Iran

August 25, 2026

Stocks rise, oil down as traders weigh Iran sanctions threat

August 25, 2026

Son of Luxottica founder quits after succession row

August 25, 2026
EconomyLens Logo

We bring the world economy to you. Get the latest news and insights on the global economy, from trade and finance to technology and innovation.

Your Privacy Choices

Pages

  • Home
  • About Us
  • Privacy Policy
  • Contact Us

Categories

  • Business
  • Economy
  • Markets
  • Tech
  • Editorials

Network

  • Coolinarco.com
  • CasualSelf.com
  • Fit.CasualSelf.com
  • Sport.CasualSelf.com
  • SportBeep.com
  • MachinaSphere.com
  • MagnifyPost.com
  • TodayAiNews.com
  • VideosArena.com
© 2026 EconomyLens.com - Top economic news from around the world.
No Result
View All Result
  • Home
  • Economy
  • Business
  • Markets
  • Tech
  • Editorials

© 2024 EconomyLens.com - Top economic news from around the world.