During a Cabinet meeting on May 27, 2026, President Donald Trump expressed his disapproval of Iran transferring its highly enriched uranium to Russia or China as part of a potential peace deal. "No, I wouldn't be comfortable" with that arrangement, Trump stated. The Kremlin has previously indicated it would accept Iran's enriched uranium to facilitate a peace agreement, and there have been reports suggesting China might also be willing to receive the material.
In a post on Truth Social, Trump asserted that Iran's enriched uranium would be destroyed, either in the U.S., in Iran, or at another acceptable location. His comments came as the U.S. and Iran appear to be working towards a short-term agreement to end the ongoing conflict in the Middle East.
Following Secretary of State Marco Rubio's remarks about giving diplomacy a chance, oil prices, which had risen significantly due to the war's impact on global energy supplies, fell. Trump emphasized that there would be no easing of sanctions on Iran and no financial concessions. "No sanctions, no money, no nothing," he reiterated. He also stated that he would not accept a short-term deal that would allow Iran to control the Strait of Hormuz, a vital oil shipping route. "The strait's going to be open to everybody," Trump said, adding that the U.S. would oversee it but would not allow any single entity to control it.