Trump is stalling agreement talks with ‘excessive demands,’ Iran official confirms
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President Donald Trump has yet to decide on a deal that could extend the current ceasefire with Iran, with no announcement on Friday following a Situation Room meeting where he said he would make a “ final determination.”
Key facts
Brent crude, the global benchmark, was trading 1.8% lower on Friday at around $92 a barrel, with the price falling almost 20% in May amid signs of a potential deal to end the war and reopen
U.S. officials said Friday that the White House was reviewing an agreement to start 60 days of discussions with Iran about its nuclear program, but neither side has signed off on the deal
As anticipated, the President of America is betraying diplomacy for the third time,” said Mohsen Rezaei, a senior official and former commander in chief of the Islamic Revolutionary Guard Corps
Iranian Foreign Ministry spokesperson Esmail Baghaei also appeared to pour cold water on any signs of an imminent breakthrough
Summary
While U.S. and Arab officials have been indicating for days that the deal is close to being finalized, it still has yet to be approved by either side. Trump said Friday that Iran must agree to never have a nuclear weapon, that the Strait of Hormuz be reopened for “unrestricted shipping traffic, in both directions,” and that any mines in the waterway are “destroyed.