US President announces potential agreement with Iran, including sanctions relief and nuclear commitments, though Tehran has not finalized terms.
US President Donald Trump stated a nuclear settlement with Iran could be signed in Europe as early as this weekend. The proposed deal includes Iran’s pledge to refrain from developing or acquiring nuclear weapons, sanctions relief, and access to frozen funds. Trump described the agreement as a ‘great settlement’ during White House remarks on Thursday.
Iran has not yet made a final decision, with officials indicating the proposal remains under review. The deal also addresses Iran’s control over the Strait of Hormuz, a critical global oil transit route. Previous negotiations faced challenges due to shifting US positions and ongoing military tensions.
Markets remain cautious as the agreement’s finalization is uncertain, with Iranian bodies still evaluating terms.