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U.S.-Iran Deal Delayed as Trump Refuses to “Rush” Agreement

U.S.-Iran Deal Delayed as Trump Refuses to “Rush” Agreement | EN590 Commodities Group
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U.S.-Iran Deal Delayed as Trump Refuses to “Rush” Agreement

May 24, 2026
Source: oilprice.com
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U.S.-Iran Deal Delayed as Trump Refuses to “Rush” Agreement Tom majored in International Business at Amsterdam’s Higher School of Economics and later completed an Executive MBA in Energy Transition at the University of Groningen.… President Donald Trump said Sunday that the United States will not “rush” into a nuclear agreement with Iran, stressing that negotiations remain ongoing and that both sides must take the time to “get it right” as talks continue over the future of the Strait of Hormuz and Tehran’s uranium program.

“Our relationship with Iran is becoming a much more professional and productive one,” Trump wrote in a social media post.

“They must understand, however, that they cannot develop or procure a Nuclear Weapon or Bomb.” Trump also confirmed that the U.S.

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blockade of the Strait of Hormuz will remain in place until a final agreement is completed and certified.

Senior Trump administration officials later told reporters that no agreement would be signed Sunday, cautioning that negotiators are still working through sensitive language on several key provisions, including the immediate reopening of the Strait of Hormuz.

“There is still back and forth over certain parts of the deal — some words that are important to us and some words that are important to them,” one senior official said, adding that Iran’s approval process remains slow and could take several more days.

The officialaddedthat Supreme Leader Mojtaba Khamenei had reportedly approved the “broad template” of the agreement, though whether that translates into a finalized deal “is still an open question.” Secretary of State Marco Rubio earlierhintedthat there could be “some good news” regarding the Strait of Hormuz in the coming hours as negotiations continued behind closed doors.

officials, Washington plans to lift the Hormuz blockade as part of a broader agreement, while Iran has agreed in principle to dispose of its highly enriched uranium stockpile.

However, officials emphasized that no Iranian assets would be unfrozen under the current framework and reiterated that any Iranian attempt to impose a toll system on Hormuz shipping would be “unacceptable.” Iranian officials and state-linked media offered a more cautious assessment.

The semi-official Tasnim news agency reported that Tehran and Washington remain divided over “one or two provisions,” while Fars News dismissed Trump’s optimistic characterization of the talks as “far from reality.” Iranian President Masoud PezeshkiansaidTehran remains willing to assure the international community that it is not pursuing nuclear weapons.

“We are ready to assure the world during any talks that we are not seeking nuclear weapons,” Pezeshkian said Sunday, according toIranian media.

Israeli Prime Minister Benjamin Netanyahu said he spoke with Trump about the ongoing Iran negotiations and reiterated that any final agreement must fully eliminate the threat of an Iranian nuclear weapon.

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Indicative Market Prices May 24, 2026 19:30 UTC
ProductPriceChange
Brent Crude$102.14/bbl +0.34%
WTI Crude$96.90/bbl +0.21%
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Jet Fuel A-1$1090/MT +0.55%
Mazut M100$450/MT -0.15%
Bitumen 60/70$470/MT +0.08%
Sulphur Gran 99.5%$470/MT -0.44%
Urea 46% Gran$650/MT +1.12%
NPK 16-16-16$460/MT -0.28%
Nat Gas TTF$15.42/MMBtu +0.92%
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