Trump Says Iran Peace Deal Talks Ongoing as U.S. Blockade Remains in Place

U.S. President Donald Trump said on Sunday that Washington is in no rush to finalize a peace agreement with Iran, stressing that the current naval blockade against the country will remain active until a formal deal is completed. Trump also repeated his long-standing position that Iran must never obtain a nuclear weapon.

In a statement shared on social media, Trump said negotiations with Tehran were moving forward in a “constructive and orderly manner,” but added that he had instructed American negotiators not to rush the process because “time is on our side.” He confirmed that the blockade would stay fully enforced until both sides reach a final agreement.

The comments came shortly after Trump revealed that a preliminary memorandum of understanding between the United States and Iran had been “largely negotiated” following discussions with several Middle Eastern leaders. The two nations have maintained a fragile ceasefire for more than a month while diplomats continue talks focused on the Strait of Hormuz and Iran’s nuclear activities.

Reports from Reuters and Axios provided additional insight into the proposed agreement. According to Axios, the deal could extend the current ceasefire by 60 days, reopen the Strait of Hormuz for commercial shipping, and allow Iran to resume unrestricted oil exports. In exchange, the U.S. would ease sanctions and lift its blockade on Iranian ports.

The agreement reportedly includes commitments from Iran not to pursue nuclear weapons and to begin discussions about limiting uranium enrichment. However, Reuters cited an Iranian official who stated Tehran had not agreed to move its enriched uranium stockpile outside the country.

Global markets reacted positively to the latest developments. Middle Eastern stock markets posted gains, while Wall Street futures edged higher. Oil prices dropped sharply amid hopes that renewed shipping access through the Strait of Hormuz could ease supply concerns and reduce inflationary pressure across global energy markets.