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Trump Claims Iran Deal 'Largely Negotiated' Amid Intense Regional Diplomacy

President Trump signals a breakthrough is close as Pakistani mediators facilitate high-stakes talks over shipping lanes and nuclear stockpiles.

May 24, 2026 at 11:00 AM

President Donald Trump announced late Saturday that a framework for an agreement with Iran has been "largely negotiated," with current discussions focused on the final details of reopening the Strait of Hormuz. The statement suggests a significant shift toward a diplomatic resolution, though Iranian state media has remained cautious, downplaying the breakthrough and avoiding binding commitments on its nuclear program. Secretary of State Marco Rubio, speaking from India, reinforced this optimistic outlook by signaling that major news regarding the negotiations could be imminent. Pakistan has emerged as a central intermediary in the process, with Islamabad officials reporting "highly productive" progress and anticipated future rounds of negotiations. The emerging framework reportedly addresses critical maritime security issues, including the normalization of shipping lanes and potential easing of restrictions on Iranian ports. Technical discussions are also underway regarding Iran’s enriched uranium stockpile, with options including dilution or transfer abroad being considered as part of a broader nuclear restraint strategy. Despite the diplomatic momentum, the U.S. military posture remains a factor in the background. President Trump has characterized the current situation as having "50-50" odds, suggesting that while a deal is preferred, the U.S. is prepared to strike Iran "more forcefully than before" if the negotiations collapse. Global energy markets are monitoring these developments closely, as any confirmed de-escalation in the Strait of Hormuz is expected to lower risk premiums for oil and international shipping.

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