President Donald Trump suggested on August 20, 2026, that the United States might resume peace talks with Iran, stating that the current situation is 'very good.' He expressed confidence that issues concerning the Strait of Hormuz are being resolved. Trump noted that U.S. negotiators were not currently in discussions with Iranian officials following the expiration of a 60-day ceasefire. He mentioned having 'no time schedule' for negotiations and indicated that Iran should 'put up the white flag of surrender.' When asked about the possibility of returning to talks, he replied, 'maybe at some point.'
Trump emphasized the effectiveness of potential 'draconian sanctions' against Iran, which Treasury Secretary Scott Bessent had previewed. He also announced a new campaign aimed at targeting Iran's economy, referring to it as 'economic D-Day.' Trump claimed that the outcome would either lead to a significant drop in oil prices or continue the current approach. He highlighted progress in U.S. control over the Strait of Hormuz, a critical passage for global oil and gas supply, and reported that oil tankers have resumed passage through the strait, alleviating concerns about energy shortages.