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Trump says there is no rush for Iran deal, US blockade stays

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U.S. President Donald Trump said on Sunday he had told his representatives not to rush into any deal with Iran, as his administration played down hopes of an imminent breakthrough ​in the three-month-old war that had been raised a day earlier.

The U.S. blockade on Iranian ships in the Strait of Hormuz would “remain in full force and effect until an agreement is reached, certified, and ‌signed,” Trump wrote on Truth Social. “Both sides must take their time and get it right,” he added, Reuters reported.

There was no immediate response from Iran’s government. But Tasnim news agency, which is linked to Iran’s Revolutionary Guards, said the U.S. was still obstructing parts of a potential deal, including Tehran’s demand for the release of frozen funds.

A day earlier, Trump said Washington and Iran had “largely negotiated” a memorandum of understanding on a peace deal that would reopen the Strait of Hormuz, which before the conflict carried one-fifth of global oil and liquefied natural gas shipments.

The two sides remain ​at odds on several difficult issues, such as Iran’s nuclear ambitions, Israel’s war in Lebanon with the Iranian-backed Hezbollah militia and Tehran’s demands for the lifting of sanctions and the release of tens of billions of dollars ​of Iranian oil revenues frozen in foreign banks.

WORKING OUT DEAL’S DETAILS

A senior Trump administration official told reporters an agreement would not be signed on Sunday, saying that the Iranian system ⁠did not move fast enough. But he outlined what he said were the latest contours of what was being negotiated.

The official, speaking on the condition of anonymity, said Iran had agreed “in principle” to open the Strait of Hormuz, in exchange ​for the United States lifting its naval blockade, and to dispose of Tehran’s highly enriched uranium.

He said the U.S. understood Iran’s Supreme Leader Ayatollah Mojtaba Khamenei had endorsed the broad template of the deal.

There was no immediate confirmation from Iran or ​elaboration on what an “in principle” agreement meant.

The U.S. official said Washington envisioned first re-opening the strait and lifting the U.S. naval blockade. Negotiating the details of the nuclear measures would take more time, he said.

He pushed back on suggestions that Iran has not accepted disposing of its stockpiled enriched uranium. “It’s a question about how,” the official said.

A second senior administration official said on Sunday that the proposed framework would give negotiators 60 days to reach a final deal.

Iranian sources had told Reuters that in future stages, “feasible formulas” could be found to resolve the ​dispute over its highly enriched uranium stockpile, including diluting the material under the supervision of the U.N. nuclear watchdog.

Iran has long denied U.S. and Israeli accusations that it is pursuing nuclear weapons and says it has a right to enrich uranium ​for civilian purposes, although the purity it has achieved far exceeds that needed for power generation.

DEAL DRAWS OUT U.S. CRITICS

Trump, whose approval ratings have been hit by the war’s impact on U.S. energy prices and who has faced congressional efforts to curb his war powers, has ‌repeatedly played up ⁠the prospect of an agreement to end the conflict that the U.S. and Israel started on February 28. A tenuous ceasefire has been in place since early April.

Oil prices hit two-week lows to kickstart the week with Brent crude futures down over 4% to $98.83 a barrel — the first time it has dipped below $100 in intraday trading since early May — while U.S. West Texas Intermediate was at $92.03 a barrel, also down over 4%.

As details of the possible agreement emerged over the weekend, critics including former Secretary of State Mike Pompeo and Democratic lawmakers argued that it offered little beyond the 2015 Iran nuclear deal negotiated by former President Barack Obama, from which Trump withdrew during his first term.

Chris Van Hollen, a Democratic member of the Senate Foreign Relations ​Committee, said the deal’s reported outlines would amount to ​little more than “the pre-war status quo” with Iran.

“I think ⁠this was a blunder,” Van Hollen said on the “Fox News Sunday” program. “When you’re digging a hole, you should stop digging, and that sounds like maybe what we’re doing finally.”

Trump, who has also faced criticism from hawkish conservatives over his willingness to compromise with Iran, pushed back.

“If I make a deal with Iran, it will be a good and proper one … So don’t ​listen to the losers, who are critical about something they know nothing about,” Trump said in a Truth Social post on Sunday.

In another potential stumbling block, an Iranian ​military adviser to Khamenei said Tehran ⁠had the legal right to manage the Strait of Hormuz, though it was not clear if that meant continuing to decide which ships can go through.

Iran’s Revolutionary Guards said 33 vessels had passed through the strait over the past 24 hours after getting permission from Tehran, still far short of the 140 on a typical day before the war.

Any deal reinforcing the current fragile ceasefire would bring relief to markets but not immediately quell a global energy crisis, which has driven up costs of fuel, fertilizer and food.

Even ⁠if the war ​ends now, full flows through the strait will not return before the first or second quarter of 2027, the head of the Abu Dhabi National ​Oil Company said last week.

The U.S.-Israeli bombing of Iran killed thousands of people in Iran before it was suspended in early April.

Israel has also killed thousands more and driven hundreds of thousands from their homes in Lebanon, which it invaded in pursuit of Hezbollah. Iranian strikes on Israel and neighbouring Gulf ​states have killed dozens.

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Global leaders react to announcement of US-Iran peace agreement

British Prime Minister Keir Starmer: “We are clear that ​toll-free freedom of navigation must now be restored in the Strait of Hormuz… Iran must never have a nuclear weapon.”

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U.S. and Iranian officials said on Sunday they have agreed on a deal to end their war, halt the U.S. blockade of Iran and reopen the Strait ​of Hormuz, possibly leading to lower energy prices once oil shipments resume through the critical ‌waterway, Reuters reported.

Below is international reaction to the agreement:

A spokesperson for U.N. Secretary-General Antonio Guterres:

“The Secretary-General welcomes the announcement that the United States and Iran have agreed on a peace deal that provides for an immediate and permanent ceasefire, the reopening of the ​Strait of Hormuz, as well as a framework for further negotiations. This represents a critical step ​towards the peaceful settlement of the conflict.”

Joint statement from E4 leaders Britain, France, Germany ⁠and Italy:

“Iran must never acquire a nuclear weapon. We stand ready to work with the U.S., Iran ​and the IAEA to this end.”

Australian Prime Minister Anthony Albanese:

“The Australian Government welcomes the agreement by the United ​States and Iran. Australia has long called for de-escalation and an end to the conflict, including in Lebanon. As we have said, the longer this war goes on, the greater the impact will be. Continued restraint and constructive engagement will be ​essential to prevent further escalation and secure a lasting agreement.”

British Prime Minister Keir Starmer:

“We are clear that ​toll-free freedom of navigation must now be restored in the Strait of Hormuz… Iran must never have a nuclear weapon.”

French ‌President Emmanuel ⁠Macron:

“I welcome the agreement reached between the United States and Iran, the result of a diplomatic effort to which several partners contributed. I call for its swift and full implementation by all belligerents. This agreement must allow for the urgent and unconditional reopening of the Strait of Hormuz, which the international mission established with ​the United Kingdom is ​ready to support.”

German Chancellor ⁠Friedrich Merz:

“I welcome the agreement between the U.S. and Iran and congratulate President Trump and the Iranian side on this diplomatic breakthrough. This can pave the way ​towards a reinvigorated global economy and a more secure Middle East. It is ​crucial to implement ⁠it with determination.”

Japanese Prime Minister Sanae Takaichi:

Japan “strongly hopes” that “free and safe navigation through the Strait of Hormuz will be ensured in practice, and that a final agreement on Iran’s nuclear issue and other matters will be reached ⁠as soon ​as possible.”

New Zealand Foreign Minister Winston Peters:

“This pivotal, constructive deal ​is a step towards reducing tensions and promoting stability in a region that is critical to global economic security… Dialogue and diplomacy remain ​the most effective means of resolving longstanding issues.”

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Iran banks hit by major cyber attack

Officials said a technical investigation confirmed that the disruptions were the result of a cyberattack.

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Several major Iranian banks experienced service disruptions on Saturday following a cyberattack, according to the Coordinating Committee of Iran’s state-owned banks.

The outage affected four major financial institutions, including Bank Melli Iran, Bank Saderat Iran, and Bank Tejarat, causing interruptions to mobile and online banking services, automated teller machines (ATMs), point-of-sale (POS) terminals, and some card transactions.

Officials said a technical investigation confirmed that the disruptions were the result of a cyberattack.

The affected banks stated that their technical teams immediately implemented precautionary measures after detecting the incident in an effort to safeguard customer information and protect banking infrastructure.

Qatasi, secretary of the Coordinating Committee of Iran’s state-owned banks, said necessary recovery and repair measures had been carried out.

Authorities said there is currently no evidence that customer data was accessed without authorization, and no data breach has been reported.

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US, Iran inch closer to deal, timing remains unclear

Trump wrote on Truth Social that after a framework ​deal is signed, the Strait of Hormuz, a vital artery for global oil supplies that Iran has blocked, would immediately be “open to all.”

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U.S. and Pakistani leaders forecast a Sunday signing of a long-elusive framework agreement ​to end fighting between the United States and Iran, but Tehran cast doubt over the timing and hardline protesters in Iran voiced opposition, Reuters reported.

President Donald Trump posted on social media ‌on Saturday that the deal with Iran was scheduled to be signed the next day, his 80th birthday. Pakistani Prime Minister Shehbaz Sharif said the two sides had agreed on a framework for a peace deal and that Islamabad was preparing for an electronic signing on Sunday, to be followed by technical-level talks in the coming week.

But Iran did not confirm a Sunday signing. Iranian Foreign Ministry spokesperson Esmaeil Baghaei, speaking before Trump’s post, had cautioned against commenting on ​the timing of the signing but was quoted by state media saying, “It will not be tomorrow,” but could happen “in the coming days.”

Trump wrote on Truth Social that after a framework ​deal is signed, the Strait of Hormuz, a vital artery for global oil supplies that Iran has blocked, would immediately be “open to all.”

While U.S. bombings have heavily degraded Iran’s military-industrial base and damaged its military, experts say the war has left hardline Revolutionary Guard dominance more firmly entrenched than before.

Videos on social media and Iranian ​news websites showed opponents of an agreement gathering in squares and in front of the Foreign Ministry in Tehran, appearing to blame Iranian Foreign Minister Abbas Araqchi as they chanted, “Araqchi have some shame, let ​go of America!”

Reuters could not immediately verify the videos.

When the U.S. and Israel launched the war against Iran on February 28, Trump called on Iranians to rise up and take over state institutions.

Even as the U.S. and Iran appeared to be moving toward an agreement over the past two days, clashes have continued, as the U.S. military imposes a blockade on Iran and seeks to loosen Iran’s chokehold on the Strait of Hormuz, which was the conduit for ​20% of the world’s oil shipments before the war.

Early on Saturday, U.S. forces shot down multiple Iranian one-way attack drones heading toward the strait, the U.S. military said. Israel, which says it is not ​a party to the U.S.-Iran deal, said on Saturday that it had struck more than 70 sites over a 24-hour period in Lebanon against Iranian ally Hezbollah, Reuters reported.

Israeli Prime Minister Benjamin Netanyahu has clashed with Trump over U.S. ‌demands that Israel ⁠curb military action in Lebanon to allow Washington to reach a deal with Tehran.

On Friday, Araqchi said that while changes in the deal were still possible, the tentative agreement showed his country had emerged stronger from the conflict.

At pro-government rallies held across Iran on Saturday night, residents and news agencies reported that hardliners opposed to the framework agreement loudly voiced their dissatisfaction.

A resident in the northeastern city of Mashhad told Reuters that some protesters chanted: “Death to the compromiser,” in an apparent reference to Araqchi. “Compromiser, resign, resign.”

The proposed memorandum of understanding calls for reopening the strait and ​lifting the U.S. naval blockade, sources on all ​sides of the talks said. Negotiations over Iran’s ⁠nuclear program — a key rationale Trump has given for the war — would take place afterwards.

“Iran is going to open up the Strait of Hormuz, that’s a requirement. It could be open with no tolls. As they do that, we will lift our blockade,” a U.S. official told reporters.

“It’s going to ​happen in conjunction, and part of the next step, the phase after that, is going to be the demining of the straits,” the official ​said, indicating countries in the ⁠Group of Seven major powers could have a role in this.

Trump discussed the efforts to end the Iran conflict in a call with British Prime Minister Keir Starmer, Downing Street said on Saturday.

Draft terms described to Reuters by multiple sources indicate the U.S. would begin releasing billions of dollars in frozen Iranian assets and waive sanctions on its oil exports, in return for Iran opening the strait.

Iran’s Fars news agency quoted Baghaei ⁠as saying ​the release of Iran’s frozen assets was an integral part of the agreement and also that Iran would have to ​charge for services in the Strait of Hormuz, read the report.

He said foreign military bases in the region must end, the agency reported, without providing details.

Iran’s nuclear program would be addressed during a 60-day period of talks. A U.S. official said the agreement would ultimately ​lead to the dismantling of Iran’s nuclear program, with its stockpile of highly enriched uranium to be destroyed and removed.

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