Trump Says Iran Deal Imminent, Tehran Denies Final Agreement

On May 29, 2026, U.S. President Donald Trump stated a peace deal with Iran was near, but Iranian officials immediately denied any final agreement, highlighting deep divisions over nuclear limits and control of the Strait of Hormuz. Trump demanded Iran renounce nuclear weapons development, ensure free passage for global shipping through the strait, clear mines, and allow destruction of its highly enriched uranium stockpile. Iranian Foreign Minister Abbas Araghchi said strait management would follow Iran’s sovereignty and international law, while lawmakers insisted ships must pay fees and denied any transfer of nuclear materials. The clash leaves key sanctions and asset-freeze issues unresolved, with Trump undecided on accepting a deal. Renewed geopolitical friction around the world’s most critical oil chokepoint threatens to inject volatility into crude markets.