President Donald Trump said the United States is in the final stages of a deal with Iran that could be signed within two or three days [1].
The announcement signals a potential diplomatic breakthrough to end a recent escalation of attacks between the two nations. Such an agreement could stabilize volatile energy markets and reduce military tensions in the Middle East.
Speaking during a White House press briefing in Washington, D.C., Trump said the negotiations are in the "final throes" [1]. He said the U.S. is very close to a resolution and expects the process to conclude shortly [2].
Market reactions to the statement were immediate. Oil prices fell by the widest margin in more than a month [2]. This price drop followed the prospect of renewed stability in the region, a key factor for global energy traders.
Shipping activity also shifted following the remarks. Several tankers moved to transit the Strait of Hormuz [2]. The strait is a critical chokepoint for global oil exports and often becomes a flashpoint for conflict between the U.S. and Iran.
Trump said the administration is working to finalize the terms. "We are very close, maybe two or three days, and we will get a deal done," Trump said [2].
The president highlighted the progress as a necessary step toward ending the cycle of attacks. While specific terms of the agreement were not disclosed, the timeline suggests an imminent conclusion to the current round of diplomatic efforts [1].
“"We are in the final throes of a deal with Iran that could be signed in the next two or three days."”
The immediate reaction of oil markets and shipping traffic suggests that traders and maritime operators view the prospect of a U.S.-Iran deal as a significant reduction in geopolitical risk. Because the Strait of Hormuz is vital for global energy security, any diplomatic movement that ensures the safe passage of tankers typically leads to a decrease in the risk premium applied to crude oil prices.
