US President Donald Trump stated yesterday, Friday, that he would soon make a decision regarding a proposed agreement to extend the ceasefire with Iran. However, no decision has been announced yet, even after Trump held a meeting with his top aides at the White House.
It appears that differences of opinion still persist between the two nations regarding several key issues that lie at the heart of the conflict between the United States and Iran.
Yesterday morning, Trump said he would convene a meeting in a secure room at the White House to make a “final decision” on the proposal. Under this proposal, the ceasefire—which went into effect between the two countries in early April—would be extended for an additional 60 days. This extension would provide negotiators with time to discuss and reach an agreement aimed at permanently ending the conflict.
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US and Iran Are Very Close to a Deal, But It Is Not Yet Finalized: Vance
21 hours ago
US and Iran Are Very Close to a Deal, But It Is Not Yet Finalized: Vance
A White House official stated that the meeting, held yesterday in the Situation Room, lasted for approximately two hours. However, the official did not comment on whether President Trump had reached a decision following the meeting.
The official further added, “President Trump will only agree to a deal that is deemed beneficial for the United States and meets the conditions he has set. Iran must never be allowed to possess nuclear weapons.”
Meanwhile, a senior Iranian source told Reuters that the two sides have moved closer to reaching an agreement, although it has not yet received formal approval.
Speaking on condition of anonymity, a senior Iranian source noted that this potential agreement does not include any provisions related to the nuclear program.
Ismail Baghai, spokesperson for the Iranian Foreign Ministry, stated in an interview with state television that the management and control of the Strait of Hormuz should be determined through decisions made jointly by Iran and Oman. Read More
Tit-for-Tat Attacks Resume; New Sanctions Imposed
May 29, 2026
Tit-for-Tat Attacks Resume; New Sanctions Imposed
According to a report by Iran’s Fars News Agency, the Strait of Hormuz will be reopened—in accordance with conditions stipulated by Tehran—if the United States lifts the sanctions currently imposed on Iranian vessels.
Meanwhile, U.S. Treasury Secretary Scott Bessent stated that if a decision is reached to lift the sanctions, it will be implemented in a phased manner.
The Fars report further indicated that an understanding has been reached between the two parties regarding the unfreezing of Iranian assets currently held in escrow, valued at $12 billion.
However, U.S. President Donald Trump has stated that “no financial transactions” will take place until further notice.
Meanwhile, following the news of a potential agreement, global oil prices declined yesterday, while stock markets witnessed an upward trend.
Pressure is mounting on President Trump to facilitate the resumption of maritime traffic through the Strait of Hormuz and to lower fuel prices within the United States. Ahead of the midterm elections in November, voter discontent regarding rising fuel costs is also on the rise. At the same time, offering any concessions to Iran could expose him to criticism from hardline anti-Iran figures within his own party.
On February 28, the United States and Israel launched attacks against Iran. Thousands of people across Iran and Lebanon have been killed in this conflict. Furthermore, the closure of the Strait of Hormuz has driven up fuel prices, placing significant strain on the global economy.
