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Trump Signals Potential Iran Deal Amid Threats to Oil Infrastructure

President Trump suggests a weekend deal is possible while threatening strikes on oil infrastructure as shipping remains halted.

June 12, 2026 at 11:30 AM

President Donald Trump announced on Thursday that the United States is prepared to launch fresh attacks against Iran, specifically targeting oil infrastructure, even as he expressed optimism that a diplomatic breakthrough could be reached this weekend in Europe. Describing the potential agreement as a 'very strong memorandum of understanding,' the President suggested that the signing of the document would lead to the immediate reopening of the Strait of Hormuz, which has been virtually closed to merchant shipping during the peak of the crisis. However, the diplomatic outlook remains clouded by conflicting reports from Tehran and regional allies. Iranian officials have stated that no final agreement has been reached and that the U.S. proposal is still under review. Meanwhile, the office of Israeli Prime Minister Benjamin Netanyahu distanced Israel from the negotiations, stating the country is not a party to the memorandum. The proposed deal reportedly seeks to address not only nuclear enrichment but also Iranian missile production and support for regional proxy groups. The escalation has transitioned into a significant global energy and maritime security crisis. With the Strait of Hormuz restricted, global oil prices have surged, prompting international calls for restraint. At the UN Security Council, nations including India have urged for the immediate protection of merchant shipping lanes to prevent further economic destabilization.

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