Trump dampens hopes of imminent Iran deal, says 'no mistakes'

U.S. President Donald Trump tempered expectations Sunday regarding a potential deal with Iran to end a three-month war and reopen the Strait of Hormuz. He stated on Truth Social that his representatives would not rush into any agreement, appearing to dial back earlier suggestions of an imminent breakthrough.

Trump reiterated that the U.S. blockade on Iranian ships would persist until a deal is finalized. He noted that negotiations were progressing and described the U.S. relationship with Iran as more professional and productive. However, he stressed the importance of taking time to ensure accuracy, stating, "There can be no mistakes!"

Earlier, Trump had suggested that Washington and Iran had largely negotiated a memorandum of understanding to end the conflict and reopen the vital waterway, which previously handled one-fifth of global oil and liquefied natural gas shipments. The prospect of such an agreement has been a recurring theme of Trump's rhetoric, though previous attempts have been unsuccessful. It remains unclear if the current discussions refer to an initial framework or a more comprehensive peace settlement, which would likely be far more complex.

Significant hurdles persist, including Iran's nuclear ambitions and its demands for the release of frozen oil revenues. Media reports indicated that while a memorandum could lift the U.S. blockade and reopen the strait, differences over certain clauses and U.S. actions could still impede a final understanding. Iran's Revolutionary Guards reported that a limited number of vessels had passed through the strait with Tehran's permission, still significantly below pre-war levels.

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Both sides must take their time and get it right. There can be no mistakes!