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.
Update: Trump says recent developments in Iran show the U.S. is being respected. He said the key question is whether Iran signs an agreement or the U.S. decides to finish the conflict, warning that more fighting could follow if Tehran does not change course. Trump added that Washington may strike Iran harder if necessary, and claimed the U.S. Coast Guard has captured three Iranian vessels.
Iran says talks with U.S. continue, but trust concerns remain
Iran’s Foreign Ministry said Tehran is reviewing U.S. proposals and is pursuing negotiations seriously and in good faith. Officials confirmed that message exchanges between Iran and the U.S. are continuing based on a 14 point framework, while stressing that Iran still has serious doubts about Washington’s intentions.
Iran also said its immediate priority is ending the conflict across all fronts, particularly in Lebanon. Tehran is demanding an end to attacks on Iranian shipping, the release of frozen Iranian assets, and a broader halt to fighting. Officials added that Pakistan’s Interior Minister is currently in Iran to help facilitate the exchange of messages between the two sides.
Iran said it is working with Oman and international organizations to create a long term security mechanism for the Strait of Hormuz. Tehran also stated that it is ready to develop safe shipping protocols with other coastal countries to ensure secure and uninterrupted maritime traffic through the vital waterway.
Trump, Netanyahu Differ on Iran War Exit Plan
“Trump discussed a possible U.S.-Iran letter of intent that could end the war and launch 30 days of additional negotiations. Netanyahu reportedly expressed skepticism and argued for maintaining military pressure on Iran,” according to sources cited by Channel 12.
“Arab mediators including Qatar, Pakistan, Saudi Arabia, Turkey and Egypt are said to be backing a revised proposal, although it remains unclear whether Iran would accept the terms,” the report added.
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