Trump's hopes for an Iran peace deal come with caveats
There are signs of fresh momentum to end the war, but Trump himself has injected a note of caution.
AI Summary
Trump suspended his "Project Freedom" naval operation in the Strait of Hormuz after claiming progress toward a "Complete and Final Agreement" with Iran, which initially boosted oil markets and hopes for a breakthrough. However, Trump quickly tempered expectations by warning that if a deal was not reached, the US would resume bombing at higher intensity, while sources close to mediators suggested an agreement was imminent on a one-page memorandum to end the Gulf war. Trump later expressed cautious optimism about a potential Iran deal to PBS while acknowledging past failed negotiations, and indicated he was unlikely to send US envoys for further peace talks in Islamabad.