WASHINGTON — President Donald Trump on Monday said his administration is in talks with Iran about resolving the war, a claim that significantly tamped down oil prices and spurred market increases in Europe and the United States — though Iran denied any progress in negotiations.
Writing on his social media platform, Truth Social, the president said the United States and Iran “HAVE HAD, OVER THE LAST TWO DAYS, VERY GOOD AND PRODUCTIVE CONVERSATIONS REGARDING A COMPLETE AND TOTAL RESOLUTION OF OUR HOSTILITIES IN THE MIDDLE EAST.”
Trump’s 109-word, all-caps post brought the cost of Brent crude oil briefly below $100 a barrel, after his threat Saturday to bomb Iran’s major energy infrastructure spiked prices.
The historic shock to the global energy market has caused gasoline prices to soar across the U.S. to an average of $3.95 per gallon on Monday, up from $2.93 a month ago, according to AAA.
Trump said he had called off his 48-hour ultimatum for Iran, set to expire Monday evening, to conduct negotiations over “a five-day period,” he told reporters.
“We’ll see how that goes, and if it goes well, we’re going to end up with settling this, otherwise we just keep bombing our little hearts out,” he said during roughly 20 minutes of comments to the press at the steps of Air Force One prior to boarding a flight to Memphis, Tennessee, for an appearance.
Fourth week of hostilities
Trump claimed Iranian negotiators have agreed on a 15-point plan, as the U.S.-Israeli war in Iran enters its fourth week.
“Well, they’re not going to have a nuclear weapon. That’s number one. That’s number one, two and three, they will never have a nuclear weapon. They’ve agreed to that,” he said.
Trump also said the Strait of Hormuz, a major oil shipping passage that Iran has effectively closed to ships flagged under Western and Persian Gulf nations, “will be opened very soon if this works.”
He suggested “maybe me and the ayatollah, whoever the ayatollah is” will share joint control of the strait, which handles a fifth of the world’s petroleum products.
As for Iran’s stockpile of enriched uranium, Trump said capturing and removing it will be “very easy.”
“If we have a deal with them, we’re going down, and we’ll take it ourselves,” he said.
Iran denial
Iran’s Foreign Ministry has denied such talks were underway, according to a statement cited in media reports.
The speaker of Iran’s parliament Mohammed-Bagher Ghalibaf also denied any negotiations in a post on X just before noon Eastern, saying “Our people demand the complete and humiliating punishment of the aggressors.”
“All officials stand firmly behind their Leader and people until this goal is achieved. No negotiations with America have taken place. Fake news is intended to manipulate financial and oil markets and to escape the quagmire in which America and Israel are trapped,” Ghalibaf wrote.
Israeli Prime Minister Benjamin Netanyahu released a video statement Monday afternoon, Eastern time, confirming that he spoke with Trump, who he said “believes there is an opportunity to leverage the tremendous achievements we have reached alongside the U.S. military to realize the goals of the war through an agreement, an agreement that will safeguard our vital interests.”
“At the same time, we are continuing to strike in both Iran and Lebanon. We are smashing the missile program and the nuclear program, and we continue to deal severe blows to Hezbollah. … We will safeguard our vital interests under all circumstances,” Netanyahu said, according to his office’s English translation.
Trump’s schedule Monday included the trip to Memphis to participate in a roundtable regarding public safety.
