President Donald Trump sent back proposed changes to a deal with Iran following a meeting with advisers, extending negotiations for another week. Officials indicated that Trump is seeking tougher language regarding Iran's nuclear commitments and the reopening of the Strait of Hormuz. The specific changes requested were not disclosed, but they reportedly focus on assurances related to these issues. US allies in the Gulf have been informed about the discussions. Concerns have also been raised regarding potential financial relief for Iran, with Trump wary of comparisons to previous agreements.
Despite Trump’s earlier statements suggesting the deal was nearly finalized, the meeting concluded without a definitive decision. Discrepancies exist between Trump's public statements and Iran's requirements for any agreement. Iranian officials, including Parliament Speaker Mohammad Bagher Ghalibaf, have stated that no agreement will be reached until Iran's rights are secured.
Additionally, a recent incident involving an Iranian ballistic missile near a US base in Kuwait resulted in minor injuries among personnel due to debris. Delaware Senator Chris Coons expressed skepticism about the feasibility of the deal, particularly concerning the Strait of Hormuz. In response to Iran's actions in the strait, Trump has ordered the US Navy to enforce a blockade of Iranian ports. The US military recently disabled a vessel violating this blockade.
As negotiations continue, National Economic Council Director Kevin Hassett noted that the government and private companies have significant oil reserves to manage rising prices. He indicated that if a deal is reached and blockades are lifted, it may take two months for oil supplies to stabilize.