Trump sees 'good chance' for Iran deal, warns strikes could resume

U.S. President Donald Trump voiced cautious optimism on Monday, July 27, 2026, regarding the possibility of a diplomatic resolution to the ongoing conflict with Iran. Speaking aboard Air Force One, Trump indicated that a deal might be achievable, noting a three-day pause in hostilities. "I think there is a good chance that something could happen," he told reporters when asked about progress in peace talks.

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I think there is a good chance that something could happen.

However, Trump issued a clear warning: if diplomacy falters, the United States would revert to its previous strategy of military strikes. "If it doesn't, we go back to doing what we were doing two days ago," he stated. The current lull in fighting follows 13 nights of renewed U.S. attacks and offers a brief window for negotiations after a previous ceasefire agreement collapsed. Trump suggested that Iranian leaders initiated the request for a meeting, driven by the impact of U.S. military actions.

Iran's government, however, denied that direct negotiations were underway, asserting that mediators were merely relaying messages from Washington. Despite the eased pressure on global markets, the conflict remains volatile. Saudi Arabia reported intercepting drones launched by Iran-linked groups in Iraq, and Yemen's Houthi rebels claimed responsibility for attacks on Saudi oil infrastructure.

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If it doesn't, we go back to doing what we were doing two days ago.

Addressing concerns about U.S. ammunition levels, Trump dismissed them, stating, "We have a lot of ammunition." He also mentioned that significant amounts of military aid had been provided to Ukraine for its war with Russia. When questioned about Saudi Arabia's potential involvement in the Abraham Accords, Trump stated that no such discussions had taken place. He also floated the idea of directing funds seized from Iran, similar to money taken from Venezuela, to the U.S. military, anticipating billions of dollars in potential revenue.

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We have a lot of ammunition.