- US President Donald Trump says an agreement with Iran is imminent, with negotiations set to begin on Monday afternoon; he also said there is a deal on the Strait of Hormuz and that there will be a deal on Iran’s denuclearisation.
- Trump called off major attacks planned against Iran on Friday after Saudi Arabia, the UAE and Qatar urged him to pursue a deal instead.
- Iran’s President Masoud Pezeshkian urged the US to “remain committed” to the Memorandum of Understanding signed in June and said the interim deal “will be the centre of gravity” of Tehran’s “foreign relations in the future.”
- A source gave the sense that mediators are ready to fly to Tehran for another indirect session.
President Trump announced that negotiations with Iran will begin on Monday, following his decision to cancel planned military strikes. Trump stated that he was urged by Saudi Arabia, the UAE, and Qatar to pursue a diplomatic solution instead of military action.3
“We were all set to go,” Trump said, adding that there is a deal on the Strait of Hormuz and a potential agreement on Iran's nuclear program.12
Iran's President Masoud Pezeshkian emphasized the importance of the Memorandum of Understanding signed in June, stating it will be central to Tehran's future foreign relations.4
“They knew the extent of the attack because they saw it forming,” Trump remarked, indicating that the negotiations are crucial for regional stability.
Meanwhile, global oil prices fell sharply following Trump's announcement, with Brent Crude down 4.5% to $83.98.
The Strait of Hormuz is vital for global oil transport, with around 20% of the world's crude oil passing through it.
Iran's Foreign Minister Abbas Araghchi confirmed that negotiations with Oman regarding the Strait are nearing finalization, while Iranian media denied Trump's claims that Tehran requested the U.S. to hold off on military action.
Trump has not disclosed the venue for the upcoming talks or the participants involved, but he remains optimistic about reaching a deal.
“We’ll just see how it is,” he said, indicating readiness for further discussions.
“Trump said he called off major attacks planned against Iran on Friday after Saudi Arabia, the UAE and Qatar urged him to pursue a deal. Mediators are ready to fly to Tehran for another indirect session, and Iran's President Pezeshkian called the June MOU the 'centre of gravity' of future foreign relations.”
