Tuesday, May 26, 2026
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Iran-US Deal Uncertain, Economic Tensions Persist Over Hormuz and Nuclear Discussions

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Iran has refuted claims that a comprehensive agreement with the United States is on the verge of completion, highlighting that significant issues persist despite progress in negotiations. Esmail Baghaei, the foreign ministry spokesperson, acknowledged that while mutual understanding has been reached on several matters, a final deal is not yet within reach. Baghaei attributed the delays to conflicting messages from the U.S. and external interference from Israel.

A key element of the discussions involves the reopening of the Strait of Hormuz for commercial shipping. Iran has clarified its position, stating there are no plans to impose tolls on passing ships. However, it may levy charges for navigational and environmental protection services, in collaboration with Oman. Additionally, Iran has stipulated that any agreement must encompass a ceasefire in Lebanon and the removal of restrictions on its ports and maritime activities.

U.S. Secretary of State Marco Rubio has confirmed that negotiations continue, describing the proposal as substantial. The framework reportedly suggests that following a ceasefire, Iran would have a 30-day period to clear mines from the Strait of Hormuz and ensure full maritime access. Concurrently, the U.S. military has conducted strikes in southern Iran, targeting missile launch sites and vessels reportedly preparing to deploy mines. This action has been characterized by Washington as a defensive measure, while also expressing continued support for the ceasefire efforts.

President Donald Trump has stated that the final agreement must be “great and meaningful” or there will be no deal at all. He has also urged several Middle Eastern nations to join the Abraham Accords to normalize relations with Israel, though reports suggest regional leaders have shown limited interest in the proposal. Among the unresolved issues is Iran’s stockpile of highly enriched uranium. Tehran has shown some willingness to temporarily lower enrichment levels but has rejected calls to transfer its uranium stockpile abroad. Additionally, Iran is seeking to unlock billions of dollars in frozen assets held internationally.

Iranian officials have pointed to U.S. political divisions, including criticism from Congress and factions within the Republican Party, as adding pressure on the White House and further complicating the negotiations. Notably, the proposed agreement does not address Iran’s ballistic missile program or its backing of regional armed groups, making it less comprehensive than past U.S. demands.

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