Trump Says U.S.-Iran Talks Reach Final Stages as Oil Prices Drop

President Trump said Wednesday that the United States is in the final stages of talks with Iran aimed at ending nearly three months of conflict. S. proposal. S. officials are impressed by the Iranian negotiators but stressed the need for complete answers to avoid renewed strikes.

M. ET on Wednesday. 66 a barrel. The price decline followed Trump's remarks that talks were advancing, though analysts noted that supply concerns could persist even if an agreement is reached.

U.S. proposal. He stated that the exchanges are based on Iran's initial 14-point framework, which includes ending the war on all fronts, releasing frozen assets, and stopping what he called piracy against Iranian vessels. Pakistan's Army Chief Asim Munir is expected in Tehran on Thursday to continue mediation efforts.

Iranian state media reported that the visit aims to advance the indirect talks between Washington and Tehran. " — President Trump, May 20, 2026 (CBS News) Trump also warned that if acceptable answers are not received, the United States is prepared to take further action. S.

forces are ready and that any deal would need to be 100 percent satisfactory.

A senior UAE official described Iran's plan to control shipping in the Strait of Hormuz as a pipe dream. The official said attempts to infringe on UAE maritime sovereignty would not succeed. Three supertankers carrying six million barrels of Middle East crude crossed the strait on Wednesday after waiting in the Gulf for more than two months.

The number of vessels transiting remains far below pre-conflict levels.