foreign-policy
US-Iran peace negotiations stall as both sides temper expectations for imminent deal
Secretary of State Marco Rubio suggested Monday could bring a possible agreement, but Iranian officials said a deal is not imminent and the US is making frequent position changes. President Trump said Sunday the US is not rushing into any agreement after facing criticism from Republican lawmakers including Ted Cruz and Lindsey Graham who called the proposed deal a disaster.
Feb 28Trump announced major combat operations against Iran
May 24Trump said memorandum of understanding has been largely negotiated
May 24Republican lawmakers including Cruz and Graham criticized proposed deal
May 24Trump said US will not rush into agreement
May 25Rubio suggested possible agreement could come Monday
May 25Iranian officials said deal not imminent, citing US position changes
Why It Matters
Oil markets are fluctuating on hopes and setbacks in negotiations that could reopen the critical Strait of Hormuz shipping route. Republican opposition to Trump's diplomatic approach creates unusual intra-party tension over foreign policy, while Iranian pushback suggests significant obstacles remain to ending the 87-day conflict that has disrupted global energy supplies.
What's Next
Confidencemoderate
Agreementmixed