Trump Promises Quick Peace While Iran Weighs US Offer
President Trump declared that a swift end to the conflict with Iran was likely, as Tehran considers a United States proposal. The plan would formally close hostilities but does not address the United States’ key demands, such as halting Iran’s nuclear program and reopening the Strait of Hormuz. An Iranian foreign ministry spokesperson said Tehran would reply, while a parliament member described the offer as “more of an American wish‑list than reality.”
Current State of Negotiations
- Trump’s Position: Repeatedly highlighted the possibility of a deal, yet progress remains limited.
- Key Issues:
- Iran’s nuclear ambitions
- Control of the Strait of Hormuz, which once handled a fifth of global oil traffic
A Pakistani source claimed that a one‑page memorandum could soon finalize the ceasefire, triggering talks to lift U.S. sanctions and allow shipping through the strait.
Market Reactions
- Oil Prices: Fell sharply when rumors surfaced, dropping nearly 11% before recovering above $100 per barrel.
- Stock Markets: Rose and bond yields fell amid optimism that military action would cease.
Strategic Moves
- The U.S. paused a naval mission to reopen the strait after Saudi Arabia halted its use of a Saudi base, sparking surprise and anger in Riyadh.
- U.S. forces maintained a blockade of Iranian vessels, firing at an unladen tanker that attempted to breach the restriction.
Negotiation Leadership
- Trump’s Envoy: Steve Witkoff
- Son‑in‑law: Jared Kushner
If a preliminary deal is reached, 30 days of detailed talks would begin. However, the memorandum does not yet mention key U.S. demands, such as limiting Iran’s missile program or ending its support for proxy militias, nor does it address Iran’s stockpile of weapons‑grade uranium.
