Trump on Iran Conflict: I Think a Deal Will Be Signed
"Something is going to happen," President Donald Trump says while responding to a question about the ongoing Israel-Iran conflict at the Group of Seven summit in Canada. (Source: Bloomberg)
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Axios
34 minutes ago
- Axios
Trump team proposes Iran talks this week on nuclear deal, ceasefire
The White House is discussing with Iran the possibility of a meeting this week between U.S. envoy Steve Witkoff and Iranian Foreign Minister Abbas Araghchi, according to four sources briefed on the issue. The objective would be to discuss a diplomatic initiative involving a nuclear deal and an end to the war between Israel and Iran. Why it matters: The meeting hasn't been finalized yet, but it is part of a last-ditch effort by President Trump to swerve away from war and back toward dealmaking. "A meeting with the Iranians this week is under consideration," a U.S. official confirmed. The meeting could be a make-or-break moment for the question of whether the U.S. will join the war in order to eliminate Iran's nuclear program militarily. Zoom in: Trump sees the massive bunker busters needed to destroy Iran's underground enrichment facility at Fordow — which the U.S. has and Israel does not — as a key point of leverage to get Iran to cut a deal, a senior U.S. official said. Describing the decision on bunker busters as an "inflection point," the official said Trump "thinks in terms of deals and leverage. And this is leverage." "They do want to talk," the senior official continued. "But what we don't know is, 'have they been brought to their knees fully so that they realize that in order to have a country, they have to talk?' And assuming they get there, is there any degree of enrichment you would allow them to have?" State of play: Trump has so far declined to directly participate in Israel's attacks on Iran, but he has made clear that Iran must be prevented from obtaining a nuclear weapon one way or another. Israeli Prime Minister Benjamin Netanyahu is pushing him to join the war and bomb Fordow. Trump has continued to insist he believes he can make a deal, particularly given Iran's weak negotiating position. Driving the news: Trump shocked the Middle East with a Truth Social post on Monday night in which he called on Iranian civilians to evacuate Tehran immediately. Shortly thereafter, Trump dcut short his trip to the G7 summit in Canada to return to Washington and focus on the war. These two moves, together with reports of explosions in Tehran, led to reports in the Israelis press and on social media that the U.S. had joined the war. White House spokesperson Alex Pfeiffer denied the reports. "American forces are maintaining their defensive posture, and that has not changed. We will defend American interests," he wrote on X. Defense Secretary Pete Hegseth reiterated that message in an interview on Fox News and stressed Trump is still seeking a deal. "President Trump hopes there will be peace," he said. Behind the scenes: The Trump administration discussed the meeting proposal with Iran on Monday, the sources said. "We are talking on the phone but it is better to talk in person," Trump said at the G7. Trump expressed hope that Iran would agree to make a deal. "I think a deal will be signed. I think Iran is foolish not to sign one," he said. During the summit, Trump discussed with other leaders the need for a ceasefire between Iran and Israel, French President Macron told reporters. "The Americans have made an offer to meet with the Iranians. We will see what happens," he said.
Yahoo
35 minutes ago
- Yahoo
Oil prices jump after Trump's warning, stocks extend gains
Oil prices rallied Tuesday after Donald Trump urged Tehran residents to evacuate, stoking fresh fears of all-out war as Israel and Iran continued to pound each other with missiles. Hopes that the deadly conflict can be contained helped most equities rise, while the US president's earlier claim that the Islamic republic wanted to make a nuclear deal also provided a little optimism. After Friday's surge sparked by Israel's attacks on its regional foe, crude ticked more than one percent lower Monday as traders bet that the battle would not spread throughout the Middle East and key oil sites were mostly left untouched. But prices edged back up after Trump took to social media calling for the evacuation of the Iranian capital, which is home to nearly 10 million people. "Iran should have signed the 'deal' I told them to sign," he said, referring to nuclear talks that were taking place. "What a shame, and waste of human life. Simply stated, IRAN CAN NOT HAVE A NUCLEAR WEAPON. I said it over and over again! Everyone should immediately evacuate Tehran!" Oil prices spiked around two percent Tuesday before paring some of those gains, but the comments kept investors on edge amid warnings that an escalation of the crisis could send the commodity soaring again. Meanwhile, the aircraft carrier USS Nimitz left Southeast Asia on Monday after cancelling a Vietnam visit, with the Pentagon announcing it was sending "additional capabilities" to the Middle East. Prime Minister Benjamin Netanyahu insisted Israel's campaign was "changing the face of the Middle East". Trump has maintained that Washington has "nothing to do" with its ally's campaign, but Iran's foreign minister said Monday that the US leader could halt the attacks with "one phone call". Traders had been a little more upbeat after the US president -- who is in Canada for the G7 summit -- had said Iran wanted to make a deal, saying "as soon as I leave here, we're going to be doing something". He later left the gathering in the Rockies, telling reporters: "I have to be back as soon as I can. I wish I could stay for tomorrow, but they understand, this is big stuff." Tehran had signalled a desire to de-escalate and resume nuclear talks with Washington as the United States did not join conflict, according to the Wall Street Journal. Stocks mostly rose in Asian trade, with Tokyo, Sydney, Seoul, Singapore and Taipei leading gains, though Shanghai and Hong Kong struggled. "Risk assets are enjoying a positive start to the new week amid signs the Israel-Iran war remains limited to the two countries without signs of a possible escalation into a wider conflict," said Rodrigo Catril at National Australia Bank. "Iran is reportedly seeking de-escalation talks, but Israel is not showing signs of slowing down." The gains followed a positive lead from Wall Street, where traders are keeping tabs on the G7 summit world leaders pushed back against Trump's trade war, arguing it posed a risk to global economic stability. Leaders from Britain, Canada, Italy, Japan, Germany and France called on the president to reverse course on his plans to impose even steeper tariffs on countries across the globe next month. Also in view are central bank decisions this week, with the Bank of Japan due to make its latest decision on interest rates later in the day. Officials are expected to hold interest rates steady but tweak their bond purchase policy. - Key figures at around 0230 GMT - West Texas Intermediate: UP 1.6 percent at $72.94 per barrel Brent North Sea Crude: UP 1.4 percent at $74.25 per barrel Tokyo - Nikkei 225: UP 0.5 percent at 38,501.08 (break) Hong Kong - Hang Seng Index: DOWN 0.1 percent at 24,038.68 Shanghai - Composite: DOWN 0.1 percent at 3,385.61 Euro/dollar: DOWN at $1.1552 from $1.1562 on Monday Pound/dollar: DOWN at $1.3569 from $1.3579 Dollar/yen: UP at 144.92 yen from 144.79 yen Euro/pound: UP at 85.14 pence from 85.12 pence New York - Dow: UP 0.8 percent at 42,515.09 (close) London - FTSE 100: UP 0.3 percent at 8,875.22 (close) dan/lb Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
CNN
43 minutes ago
- CNN
Trump to MAGA critics: I decide what ‘America First' means
Facing backlash from Steve Bannon and Tucker Carlson among others for his foreign policy decisions amidst the backdrop of the conflict between Israel and Iran, Trump says he came up with the term "America First" and that he decides what that means.
