Trump says Iran peace deal is close, but major gaps remain

Mitrade
coverImg
Source: DepositPhotos

Iran is now facing Donald Trump’s sixth public run at a ceasefire deal, and the latest version is also being sold as close, but not finished.

Trump said on Truth Social that a deal involving the United States, Iran, and several regional governments had been “largely negotiated.” Trump said the final parts were still being discussed and that an announcement would come soon. The big item he named was the Strait of Hormuz, which he said would be opened as part of the deal.

Trump said he made the post from the Oval Office after a call with Saudi Crown Prince Mohammed bin Salman Al Saud, UAE President Mohammed bin Zayed Al Nahyan, Qatari Emir Tamim bin Hamad Al Thani, Qatari Prime Minister Mohammed bin Abdulrahman Al Thani, Qatari Minister Ali al-Thawadi, Pakistani Field Marshal Syed Asim Munir Ahmed Shah, Turkish President Recep Tayyip Erdoğan, Egyptian President Abdel Fattah El-Sisi, Jordan’s King Abdullah II, and Bahrain’s King Hamad bin Isa Al Khalifa.

“Separately, I had a call with Prime Minister Bibi Netanyahu, of Israel, which, likewise, went very well. Final aspects and details of the Deal are currently being discussed, and will be announced shortly. In addition to many other elements of the Agreement, the Strait of Hormuz will be opened,” said Trump.

Trump says regional leaders are trying to close the final Iran deal terms

The war started on February 28, when the US and Israel launched strikes on Iran without backing from Congress and without clear evidence of whatever their motive really even is.

Tehran then fired back at Israel and US-linked Gulf states, dragging the Middle East into a wider crisis and giving markets another headache they did not need. A ceasefire with Iran came in early April, and talks between Washington and Tehran have continued since then over a longer peace deal.

This is a war that Trump started unprovoked. A war that has plunged the global economy, and spiked gas costs for Americans, while crashing his approval ratings and losing him some of his staunchest supporters.

Iran says talks are closer but still stuck on major points

Iranian foreign ministry spokesman Esmaeil Baqaei gave a more careful read than Trump when he told state television on Saturday night that US and Iranian positions had become closer over the past week.

But he also said that did not mean the hard issues had been solved, even though Washington has been making “contradictory statements,” which is diplomatic language for, “Pick a lane.”

Iran’s Deputy Foreign Minister for Legal and International Affairs Dr. Kazem Gharibabadi also attacked Western governments after the Eleventh Review Conference of the Treaty on the Non-Proliferation of Nuclear Weapons ended at the United Nations in New York with no final document.

Kazem said Iran’s peaceful nuclear sites, which he said were under safeguards, had been attacked twice over the past year by the United States and Israel. He argued that those attacks should have been the main issue at the conference. Instead, he said Western governments tried to blame Iran over safeguards duties and UN Security Council resolutions.

Kazem said some governments tried to turn the UN process into a political tool and “swap the roles of aggressor and victim.” He also said Iran blocked those countries from getting the language they wanted into the final document.

His position was if the nuclear system is going to survive, he said it has to be based on equal security, equal sovereignty, and equal accountability, not special treatment for nuclear powers.

Pakistani Prime Minister Shehbaz Sharif said his call with Trump was “very useful and productive.” Shehbaz also said Pakistan hopes to host the next round of talks soon.

mitrade Don't Miss Today's Market    Moves Start trading Forex, Gold & Crypto today    Regulated platform | Fast withdrawals


* The content presented above, whether from a third party or not, is considered as general advice only.  This article should not be construed as containing investment advice, investment recommendations, an offer of or solicitation for any transactions in financial instruments.

goTop
quote
Related Articles
placeholder
The questions that Kevin Warsh will answer when he leads his first Fed rate meetingKevin Warsh faces his first test as Federal Reserve chair. During the week, he will lead the meeting that decides US interest rates. Investors expect rates to stay between 3.5% and 3.75%, according to the CME’s FedWatchTool. The futures market doesn’t expect another rate cut from the Fed until March of 2027, at which time...
Author  Cryptopolitan
Jun 15, Mon
Kevin Warsh faces his first test as Federal Reserve chair. During the week, he will lead the meeting that decides US interest rates. Investors expect rates to stay between 3.5% and 3.75%, according to the CME’s FedWatchTool. The futures market doesn’t expect another rate cut from the Fed until March of 2027, at which time...
placeholder
Trump said the U.S. and Iran completed a final peace agreementTrump said Sunday that the United States and Iran had completed a peace agreement and would put their signatures on it Friday, June 19, in Switzerland. Writing on Truth Social, Trump said: “The Deal with the Islamic Republic of Iran is now complete. Congratulations to all! I hereby fully authorize the toll free opening of...
Author  Cryptopolitan
Jun 15, Mon
Trump said Sunday that the United States and Iran had completed a peace agreement and would put their signatures on it Friday, June 19, in Switzerland. Writing on Truth Social, Trump said: “The Deal with the Islamic Republic of Iran is now complete. Congratulations to all! I hereby fully authorize the toll free opening of...
placeholder
ECB raises rates for first time since 2023 as Iran war drives inflation higherOn Thursday, the European Central Bank increased its deposit rate by 25 basis points to 2.25% in its first rate hike since September 2023. The escalation of the war in the Middle East sent inflation within the eurozone significantly above the bank’s target of 2%. The ECB has become the first major central bank to...
Author  Cryptopolitan
Jun 12, Fri
On Thursday, the European Central Bank increased its deposit rate by 25 basis points to 2.25% in its first rate hike since September 2023. The escalation of the war in the Middle East sent inflation within the eurozone significantly above the bank’s target of 2%. The ECB has become the first major central bank to...
placeholder
The Fed faces a 3 year inflation high after appointing a new Fed ChairU.S consumer prices reached their highest in three years last month. While the Middle East war continues, the new CPI has put further pressure on Fed already amidst its major leadership change. In the last 12 months, the CPI went up by 4.2% through May, the largest jump since 2023. The most affected category is...
Author  Cryptopolitan
Jun 11, Thu
U.S consumer prices reached their highest in three years last month. While the Middle East war continues, the new CPI has put further pressure on Fed already amidst its major leadership change. In the last 12 months, the CPI went up by 4.2% through May, the largest jump since 2023. The most affected category is...
placeholder
Trump’s Explosive Interview Walkout Buried a Bigger Message for MarketsPresident Donald Trump endorsed lower interest rates and declared that growth does not cause inflation before walking out of a Meet the Press interview with NBC’s Kristen Welker.The walkout clip now d
Author  Beincrypto
Jun 08, Mon
President Donald Trump endorsed lower interest rates and declared that growth does not cause inflation before walking out of a Meet the Press interview with NBC’s Kristen Welker.The walkout clip now d
Live Quotes
Name / SymbolChart% Change / Price
US500
US500
0.00%0.00