Trump: Iran Agreed to Give Up Nuclear Weapons, Markets Remain Wary of Hormuz
US President Donald Trump said Iran has agreed not to have nuclear weapons, in an interview with the New York Post podcast “Pod Force One” published Wednesday (June 3). Trump added that Tehran could still “change its mind,” although he called that commitment a key point in the talks.
The statement came as the war neared its 100th day and the situation remained deadlocked, with Washington and Tehran unable to translate the ceasefire into a permanent peace deal. US Secretary of State Marco Rubio said on Tuesday that talks were ongoing, despite Iranian state media previously reporting a break in communications for several days.
Iran, through its foreign ministry, declined to comment when asked for comment on Trump’s statement. Meanwhile, conflicting messages regarding the status of negotiations have become a recurring pattern, making it difficult for markets to assess whether diplomacy is moving toward de-escalation or stalling again.
Shortly after Trump’s interview aired, oil prices continued to rise while US stock futures were mixed. Oil remains below $100, but has remained high throughout the conflict because the Strait of Hormuz, a crucial oil shipping route, is said to be effectively closed.
Iranian state-affiliated media reported Monday that Tehran would move to completely close the Strait of Hormuz in response to alleged ceasefire violations. When asked if the blockade would remain in place until Labor Day, Trump said it was "possible" but unlikely, saying the situation could be resolved relatively quickly.
Source: newsmaker.id
