EconomyLens.com
No Result
View All Result
Friday, May 29, 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

Trump says making final decision on proposed Iran deal

Emma Reilly by Emma Reilly
May 29, 2026
in Economy
Reading Time: 9 mins read
A A
0
19
SHARES
236
VIEWS
Share on FacebookShare on Twitter

Energy markets have whipsawed as investors parse the chances of an agreement that could potentially resume normal shipping through the Strait of Hormuz. ©AFP

Washington (United States) (AFP) – US President Donald Trump said he was making his final decision on a potential deal with Iran on Friday, as Tehran insisted any agreement on ending the Middle East war hinged on Washington dropping its “excessive demands.” Iran’s top negotiator had said earlier Tehran would only trust Washington’s actions, not its words, after US Vice President JD Vance said progress had been made on a deal to extend a ceasefire and provide a framework for peace talks.

Related

Vance says progress made as US-Iran deal awaits Trump green light

EU looks to bolster defences as China threatens key sectors

Canada PM backs ‘fortress North America’ ahead of US trade talks

Top EU economies vow to speed up financial integration

UK risks a ‘lost generation’ of jobless young people

US sources told AFP the deal was just waiting on Trump’s sign-off following weeks of halting negotiations to end a conflict that had engulfed the Middle East and shaken the global economy. “I will be meeting now, in the Situation Room, to make a final determination,” Trump said in a lengthy social media post, reiterating long-held demands that Iran agree never to have nuclear weapons and open the vital Strait of Hormuz shipping lanes. He said Tehran would remove mines in the strait, the US would lift its naval blockade of Iranian ports, and the two countries would coordinate on removing and destroying Iran’s enriched uranium, though he did not clarify whether the points had already been agreed or were part of the deal under consideration.

Trump’s post came as Iran’s top diplomat suggested the US was holding up a deal with its approach to the negotiations. In a call with his Omani counterpart, Foreign Minister Abbas Araghchi “indicated that arriving at a final agreement depended on ending the American party’s attitude based on excessive demands and shifting and contradictory positions,” his ministry said in a statement. Earlier Iran’s parliament speaker, who led its delegation at peace talks with the US in Pakistan last month, said Tehran had gained leverage not “through talks, but through missiles,” and was sceptical of US promises. “We place no trust in guarantees or words; only actions matter. No step will be taken before the other side acts first,” Mohammad Bagher Ghalibaf wrote on X.

Hopes of an agreement had risen on Thursday after US officials were positive about the direction of diplomacy, with Vance telling reporters “a lot of progress” had been made. Optimism around a possible US-Iran deal boosted Asian stock markets on Friday, while oil prices receded slightly. Energy markets have whipsawed this week as investors parse the chances of an agreement that could potentially resume normal shipping through the crucial Strait of Hormuz, which Tehran has blockaded since the start of the war. But Iran has not confirmed any commitments to a deal, and sources have told Iranian media that any agreement unilaterally announced by Trump would not be recognised. On Friday, Iran’s Tasnim news agency, citing a source, said the text had not yet been finalised and that the wording of the potential memorandum of understanding had “undergone some changes in recent days.”

Qatar’s role in talks has grown, and its state news agency said late Thursday Trump had called its ruler to discuss the “latest updates” on efforts to end the war. Doha hosted Iranian officials this week as regional nations push for a definitive resolution to the war, despite a fragile ceasefire largely holding since April 8. Washington and Tehran have accused each other of violating the truce as recently as this week, with US strikes on the southern Iranian port of Bandar Abbas countered by retaliatory Iranian fire. Iranian forces did not specify their target, but Kuwait, which hosts US troops, said its air defences responded to incoming Iranian missiles and drones. Iran had also fired at four ships trying to transit the Strait of Hormuz without authorisation, state broadcaster IRIB reported Thursday. Iran has blockaded the waterway since the war began. Iranian state TV said on Friday that 24 ships had transited the strait in the past 24 hours, in coordination with the Revolutionary Guards and the foreign ministry. But it warned that “ships from hostile countries face a severe response” from Iran’s military.

On the war’s Lebanon front, the country’s culture minister told AFP on Friday Israel had struck a medieval castle overlooking the southern city of Nabatieh, warning that other heritage sites were in “serious danger.” Israeli forces used the castle, also known as Qalaat al-Chakif, as a base during their previous two-decade occupation of southern Lebanon that ended in 2000. A ceasefire between Israel and the Iran-backed Lebanese group Hezbollah was supposed to have taken effect on April 17, but has never been observed. Both sides accuse each other of violating it and justify their attacks by the other camp’s alleged breaches. Lebanon was drawn into the war in early March when Hezbollah launched rockets at Israel over the killing of Iran’s supreme leader in US-Israeli attacks, prompting Israeli strikes and a ground invasion.

© 2024 AFP

Tags: IranMiddle East conflictus-iran relations
Share8Tweet5Share1Pin2Send
Previous Post

Iran says no trust in US ‘words’, waiting for Washington to act

Emma Reilly

Emma Reilly

Related Posts

Economy

‘Immense’ leverage: why AI chip workers are demanding more

May 28, 2026
Economy

New Zealand boosts defence spending in face of ‘adverse’ security environment

May 27, 2026
Economy

Germany warns on trade imbalance as economy minister visits China

May 28, 2026
Economy

Frugal and more online: smarter spenders rewrite luxury’s China dream

May 27, 2026
Economy

‘My job is going’: UK workers squeezed out by AI

May 26, 2026
Economy

US strikes fuel concern over Iran deal talks

May 26, 2026
0 0 votes
Article Rating
Subscribe
Notify of
guest
guest
0 Comments
Oldest
Newest Most Voted
Inline Feedbacks
View all comments
  • 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

97

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

Trump says making final decision on proposed Iran deal

May 29, 2026

Iran says no trust in US ‘words’, waiting for Washington to act

May 29, 2026

Oil falls, stocks mixed on US-Iran truce prospects

May 29, 2026

EU wants ‘robust’ defence against China trade imbalance

May 29, 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.

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
© 2025 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.