President Donald Trump (R-WY) said the United States would reach a deal with Iran within two to three days [1].
The prediction comes as the administration seeks to reduce regional tensions and stabilize global oil markets by preventing further Iranian aggression and opening the Strait of Hormuz [4, 5].
During a White House press briefing on Monday night, Trump said the U.S. was in the "final throes" of a very good, strong, powerful deal [2, 3]. He said the negotiations have progressed to a stage where the remaining details are manageable, noting there are "no sticking points" [1].
CBS White House correspondent Nancy Cordes said Trump doubled down on the prediction that an agreement would be finalized within the two to three day window [1].
The comments triggered an immediate reaction in the energy sector. Oil prices fell by the widest margin in more than a month after the president spoke [5].
Trump said the proposed agreement would be a powerful tool to ensure stability in the region [2]. The White House has not released the specific terms of the deal, or a formal timeline for the signing ceremony.
“"No sticking points."”
The immediate drop in oil prices suggests that markets are reacting to the prospect of reduced geopolitical risk in the Strait of Hormuz. If a deal is reached within the predicted timeframe, it could mark a significant shift in U.S. diplomatic strategy toward Iran, potentially lowering the risk of direct military conflict in the Persian Gulf.
