Trump claims Iran war settled 'subject to finalization,' expects signing in 'next few days'

Donald Trump told reporters that negotiations with Iran were subject to finalization and that he expected the agreement to be wrapped up in the next few days. According to CNBC, the White House team did not confirm the framework of the deal and no confirmation came from the Iranian side. Iran's official news agency said Trump's statements were speculative and that no consensus text had yet been approved.

Hours before the statement, the United States had launched a limited-scope strike on Iranian targets in response to an attack on a military helicopter near the Strait of Hormuz. The Pentagon said the crew had been recovered at sea and that the operation had achieved its objective. Energy sector sources told CNBC that, if negotiations succeed, Hormuz traffic would normalise and oil premium risks would diminish.

Brent crude fell below $90 per barrel after the announcement and traded near $88 during the Asian session. Wall Street futures edged slightly higher. Analysts said that if no agreement is reached, oil prices would come under renewed upward pressure. This is not investment advice.