Iran rules out negotiations with Trump, says it will wait until his term ends in 2029; 'chess player' Iran keeps Hormuz shut until US pays up
ShakeriDonald TrumpAraghchiMohebiEsmail BaghaeiSupreme National Security Council

Iran rules out negotiations with Trump, says it will wait until his term ends in 2029; 'chess player' Iran keeps Hormuz shut until US pays up

Iran has ruled out negotiations with President Trump until his term ends in 2029, emphasizing a strategy of 'strategic patience' and maintaining the closure of the Strait of Hormuz until the U.S. meets its demands, including $300 billion in compensation and the withdrawal of military forces.

Moneycontrol.com+1 source10 August 2026 · 20:07 UTC
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Iran has firmly stated it will not engage in negotiations with the United States under President Trump until his term concludes in January 2029. Iranian officials, including Foreign Ministry spokesperson Esmail Baghaei, have articulated a strategy of 'strategic patience' and have emphasized that the closure of the Strait of Hormuz will persist until the U.S. meets its demands.

According to Iranian officials, Tehran's core demands include $300 billion in compensation, the release of frozen Iranian assets abroad, and the withdrawal of U.S. military forces from the region. Shakeri stated, "Trump will not reach an agreement with us. We will accompany him until his term ends."6

The Strait of Hormuz, a crucial waterway for global oil trade, has become a focal point of tension, with Iran declaring it a 'theatre of war.' Mohebi remarked, "Our current strategy is to maintain this strait until the enemy accepts all our conditions." The Iranian Supreme National Security Council has reiterated that the strait will remain closed until the U.S. "corrects its behaviour."

The impasse has significant implications for global energy prices and U.S. politics, especially with the upcoming midterm elections. Trump has indicated a willingness to let economic pressure mount against Iran, suggesting a long-term strategy akin to a chess game, stating, "It will work out. It always works out. It's like a chess game."

Key Insight
“Tehran's core demands include $300 billion in compensation, release of frozen assets, and withdrawal of US forces from the region. The impasse has kept energy prices a major focus ahead of November's midterm elections, with Iran holding separate talks with Oman on a possible temporary shipping corridor.”
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CuriousCats studied:
1
Moneycontrol.com
“Iran has signalled a major hardening of its position towards the United States, indicating that it does not expect to negotiate with President Donald Trump during his remaining time in office and will instead continue its current strategy until his term ends on January 20, 2029.”
Moneycontrol.com →
2
Euronews.comEuronews.com
“Iran will not reopen the Strait of Hormuz until the United States meets its conditions as Iranians have shown "they are professional chess players," Tehran said on Monday.”
Euronews.com →
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