U.S. President Donald Trump said on May 29, 2026 [1], that a nuclear agreement with Iran is closer than ever to completion.
The potential deal aims to end months of conflict between the two nations. A successful resolution would lift the U.S. naval blockade on Iran, and reopen the Strait of Hormuz to shipping without tolls.
President Trump entered the White House Situation Room on May 29 [1] to make a final determination on the agreement. The move follows a series of negotiations intended to ensure Iran meets specific U.S. "red-line" demands, including a guarantee that Iran will not produce a nuclear bomb.
Iranian Foreign Minister Hossein Amir‑Abdollahian said the draft deal will be signed remotely [2]. This arrangement allows the two parties to finalize the documents without a physical summit.
While the White House expressed optimism, some officials noted that the agreement must still satisfy all critical conditions before it is finalized [3]. A senior U.S. official said negotiations are close [1].
The deal comes as markets have rallied on hopes for a diplomatic resolution to the hostilities [4]. The U.S. has maintained that the immediate opening of the Strait of Hormuz remains a non-negotiable requirement for the cessation of the naval blockade [3].
President Trump said the progress reflects a shift in the diplomatic trajectory of the conflict. The remote signing process is intended to expedite the transition from hostilities to a formal peace agreement [2].
“"The deal is closer than ever."”
The shift toward a remote signing of a draft agreement suggests a high level of technical consensus on the terms, but the continued mention of 'red lines' indicates that political verification remains the final hurdle. If the naval blockade is lifted and the Strait of Hormuz is reopened, it would signal a significant de-escalation of maritime tensions and a return to stabilized global energy shipping routes.
