President Donald Trump said Monday that negotiations for a nuclear deal with Iran are in the final stages. He also indicated that progress in those talks makes a sharp rise in oil prices unlikely.
The state of the talks
Trump made the remarks during a brief exchange with reporters at the White House. He did not provide specifics on the timeline or terms of a potential agreement. The comments come as diplomatic efforts to revive the 2015 nuclear deal have intensified in recent weeks, though key sticking points remain unresolved.
Oil price outlook
When asked about the possibility of an oil price spike amid tensions in the Middle East, Trump downplayed the risk. He pointed to the progress in nuclear talks as a reason crude markets would likely stay calm. The remarks suggest the administration sees a diplomatic resolution as a way to keep global energy prices stable.
Oil prices have fluctuated in recent months on supply concerns tied to Iran's nuclear program and regional conflicts. A successful deal could ease sanctions on Iranian oil exports, adding supply to global markets.
No deadline has been set for concluding the talks, and Trump did not say whether a final agreement is imminent. The next steps remain unclear, but the president's comments signal that negotiations are moving toward a conclusion.
