U.S. President Donald Trump has predicted a swift end to the war with Iran, as Tehran considers a U.S.-backed peace proposal that sources say could formally end the conflict but leaves several core disputes unresolved.
The proposal is reported to focus on halting the war that began on 28 February 2026, while postponing agreements on key U.S. demands, including restrictions on Iran’s nuclear programme and the reopening of the Strait of Hormuz.
“They want to make a deal. We’ve had very good talks over the last 24 hours, and it’s very possible that we’ll make a deal,” Trump told reporters at the White House on Wednesday, adding later that “it’ll be over quickly.”
Iranian officials have responded cautiously to the proposal. A foreign ministry spokesperson cited by state news agency said Tehran would formally convey its response, while lawmakers described the plan as one-sided.
Ebrahim Rezaei, a Spokesperson for Iran’s Parliamentary Foreign Policy and National Security Committee, said the proposal was “more of an American wish-list than a reality.”
Iranian Parliament Speaker Mohammad Baqer Qalibaf appeared to mock the reports, writing on social media: “Operation Trust Me Bro failed.”
According to sources briefed on the mediation, the emerging framework would initiate further negotiations on lifting U.S. sanctions on Iran, securing maritime traffic through the Strait of Hormuz, and setting limits on Iran’s nuclear programme.
However, the reported outline does not appear to include several long-standing U.S. demands, including restrictions on Iran’s missile programme and its regional network of allied armed groups.
Iran’s stockpile of highly enriched uranium was also not addressed in the reported initial framework.
The mediation effort is reportedly being led by U.S. envoy Steve Witkoff and adviser Jared Kushner, according to sources cited in the talks.
If an initial memorandum is agreed, it would reportedly open a 30-day window for detailed negotiations toward a broader settlement.
Despite growing market optimism, officials on both sides have stressed that major political and security differences remain unresolved, leaving the outlook for a lasting agreement uncertain.
Reports of a possible framework agreement triggered a sharp reaction in global markets, with oil prices falling and equities rising on expectations that hostilities could ease.
Brent crude Brent crude oil briefly fell by around 11% to near $98 a barrel before recovering above $100, reflecting continued volatility in energy markets.
Analysts said markets were reacting more to the prospect of de-escalation than to confirmed details of any agreement, which remain limited.
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Iran's Revolutionary Guards Navy said a Togo-flagged oil tanker was struck while attempting to make an “illegal passage” through the Strait of Hormuz, Iranian state media said early on Friday.
Saudi civil defence sent an all-clear on Saturday after issuing alerts for a second time for potential danger in Riyadh and the city of Al-Kharj east of the capital, amid an uptick in attacks by Iran-aligned Houthis on the Gulf country.
The European Union will disburse €3.3 billion ($3.8 billion) to Ukraine for missiles and drones, European Commission President Ursula von der Leyen said after a phone call with Ukrainian President Volodymyr Zelenskyy.
The U.S. State Department approved a $2.7 billion military sale to Ukraine for air-defence development upgrades, along with related equipment and services, the department said. Meanwhile, Ukrainian authorities reported at least 10 people had died in Russian attacks over the last 24 hours.
Houthi attacks target Riyadh amid concerns over Saudi oil supplies, as Iran says it will not reopen the Strait of Hormuz until its conditions are met and U.S. commitments are implemented, parliament speaker Mohammad Bagher Ghalibaf said on Sunday.
Houthi attacks target Riyadh amid concerns over Saudi oil supplies, as Iran says it will not reopen the Strait of Hormuz until its conditions are met and U.S. commitments are implemented, parliament speaker Mohammad Bagher Ghalibaf said on Sunday.
Iran has ordered a Swedish diplomat to leave the country, after Stockholm expelled an Iranian embassy staffer, as diplomatic tensions between Tehran and several European countries deepen.
U.S. President Donald Trump said on Wednesday he hoped the war against Iran was nearing its end and that Tehran wanted to reach a deal, but Iran dismissed his comments as “mixed signals” as the conflict approaches its seventh month.
Saudi Arabia said its air defences destroyed a Houthi drone south of Mecca before it could enter prohibited airspace over the holy city, as attacks by the Iran-aligned group deepen regional tensions.
U.S. President Donald Trump has again said Iran is keen to reach a deal quickly, but a senior Iranian security official rejected the claim, saying Tehran will not negotiate until its conditions are met.
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