After months of war, oil shocks, and rising fears of a wider regional conflict, President Donald Trump says a possible deal with Iran may finally be close.

Trump announced Friday that he had called senior officials into the White House Situation Room to review what he described as a near-final framework agreement between the United States and Iran.

The proposed deal would reportedly reopen the Strait of Hormuz to unrestricted shipping traffic and end the U.S. naval blockade on Iranian ports.

Trump also said Iran would be required to permanently give up any path toward building a nuclear weapon.

According to Trump, Iran’s stockpile of highly enriched uranium would be removed and destroyed with oversight involving the United States, China, Iran, and the International Atomic Energy Agency.

The talks come after months of fighting between U.S., Israeli, and Iranian forces following major strikes launched earlier this year.

Despite the optimism from Washington, Iranian officials publicly pushed back Friday and warned they do not trust U.S. promises.

Iranian Parliament Speaker Mohammad Bagher Ghalibaf said, “We do not gain concessions through dialogue, but through missiles.”

What the deal shows

• Trump held a Situation Room meeting Friday on Iran negotiations
• The proposed deal would reopen the Strait of Hormuz
• Iran would reportedly give up highly enriched uranium stockpiles
• The ceasefire would extend another 60 days
• No immediate sanctions money would reportedly be exchanged
• Oil prices remain unstable during negotiations

THE BIGGER QUESTION

The real issue is not just whether a ceasefire holds for another few weeks.

The bigger question is whether the United States and Iran can create a deal that survives politically inside both countries after decades of distrust, proxy wars, sanctions, and failed agreements.

Trump has repeatedly framed this proposed deal as the opposite of former President Barack Obama’s 2015 nuclear agreement, which critics argued gave Iran sanctions relief without permanently stopping its nuclear ambitions.

But any lasting agreement will likely still require difficult compromises from both sides.

There is also growing concern about whether Israel, Hezbollah, or regional militias could continue attacks even if Washington and Tehran reach an agreement.

WHAT HAPPENS NOW

Trump and his advisers are expected to continue negotiations over final wording and enforcement terms.

Vice President JD Vance said talks are still ongoing over “a couple of language points” tied to the nuclear portion of the agreement.

If signed, the framework would temporarily extend the ceasefire while negotiators work toward a broader long-term nuclear agreement.

Markets, shipping companies, and foreign governments are now closely watching whether the deal holds or collapses in the coming days.

What we still don’t know

• Exactly when sanctions relief could begin
• Whether Iran will fully dismantle its domestic nuclear program
• Whether Israel would limit future military operations under the agreement