U.S. and Iran appear to be moving closer to an agreement, with Al Hadath sources saying negotiations have entered the final stage. Officials are currently working on the final text of the deal, and an announcement could come within hours if the remaining diplomatic conditions are resolved.
According to the same sources, Pakistan’s army chief may travel to Iran tomorrow to announce the final version of the agreement. If that visit does not take place, the deal could reportedly be announced within hours through other diplomatic channels.
Reports also suggest that the next round of negotiations is expected to be held in Islamabad after the Hajj season. The talks are seen as part of a broader effort to secure a lasting understanding between Washington and Tehran.
Speaking during the Congressional Picnic, President Trump said Iran wants a deal and suggested the conflict could end quickly if negotiations continue to progress. His comments added to market expectations that a diplomatic breakthrough may be near.
Vice President JD Vance also said discussions are making progress. However, he warned that military action remains a possibility if diplomacy fails and negotiations break down.
Oil prices fell sharply as investors reacted to hopes of easing tensions in the region. WTI crude dropped 3.20% to $100.82 per barrel, while Brent crude declined 3.48% to $107.41 per barrel.
Update: Trump said the U.S. is in the final stages of negotiations with Iran and added that “we’ll see what happens” regarding a possible agreement.
Markets reacted positively to the comments. U.S. stocks extended gains, with the Dow and S&P 500 both rising about 1%. Treasury yields dropped sharply, the 10 year yield fell 10 basis points to 4.56%, the dollar weakened, and oil slid to intraday lows with WTI trading near $97 per barrel on hopes of easing tensions.
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