Iran and US play down hopes of an imminent deal to end the war
After days of optimism, Tehran and Washington both lowered expectations. Iran said significant gaps remain, while President Trump said he is 'in no rush' to sign. Secretary of State Rubio said the US would find 'another way' if the talks collapse.
Last week, hopes of a deal to end the war and reopen the Strait of Hormuz lifted markets. But on Monday both Tehran and Washington cooled that optimism, saying the two sides remain divided on key issues.
Iran said significant gaps remain in the negotiations. President Trump said he is in no hurry to sign, while Secretary of State Marco Rubio said the US would find 'another way' if diplomacy failed. The messaging from both capitals reversed the upbeat mood of recent days.
Oil prices, which had slid on peace hopes, steadied after the comments. Investors remain cautious about the future of shipments through Hormuz and the timing of any agreement. This article is not investment advice; the framing reflects statements by the parties involved.
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