President Donald Trump said on Wednesday that negotiations with Iran were “in the final stages,” while warning of further attacks unless Tehran agrees to a peace deal. “We’re in the final stages of Iran. We’ll see what happens. Either have a deal, or we’re going to do some things that are a little bit nasty, but hopefully that won’t happen,” he told reporters.
Trump announced that he is in the “final stages” of negotiating an agreement with Iran, which he anticipates could be finalized within the next “two to three days,” following a recent surge in hostilities. The president claimed he is in “no hurry” to finalize a peace agreement with Iran, suggesting that he would not consider making a “limited deal” only focused on reopening the Strait of Hormuz.
On May 27, Trump said both sides were close to finalizing an agreement involving strong inspections. On May 24, 2026, reports indicated that the United States and Iran were nearing a broader peace agreement following months of conflict and stalled negotiations. US President Donald Trump stated that a memorandum of understanding was close to finalisation and suggested that the Strait of Hormuz could soon reopen under a ceasefire framework.
The provisional agreement unveiled by the Trump administration with Iran over the weekend does not constitute a peace treaty, nor does it represent a nuclear or missile accord. The deal, which would facilitate the reopening of the Strait of Hormuz, requires final approval from the U.S., Iran, and additional nations involved.
Provided that both President Trump and Iran’s supreme leader, who is currently in hiding to evade assassination attempts, approve the final text, the critical chokepoint through which approximately 25% of global oil is transported should reopen. The release of billions of dollars in frozen Iranian funds would be negotiated during a 60-day period, the official said.
Iran’s Foreign Ministry spokesman, Esmail Baghaei, said that while understandings have been reached on “a large portion of the issues,” there was still work to be done. “To say that this means an agreement is on the verge of being signed is not something anyone can claim,” he told reporters.
The stated objectives of the U.S. and Israel were to dismantle Iran’s nuclear program, curb its missile program and end its support for armed proxies. The U.S. wants Israel to have a free hand to respond to what they view as threats in Lebanon, while Iran rejects it, one regional official said.
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