Trump signals no urgency for Iran talks, highlights Hormuz control

Trump's remarks directly counter reports that he is trying to bring Iran to the negotiation table, instead portraying the ongoing military and economic pressure campaign as achieving US objectives without a formal agreement. His focus on what he described as near total US control of the Strait of Hormuz is likely to reinforce market expectations that near-term shipping threats have diminished, aligning with recent reporting of reduced danger levels after the latest strikes. At the same time, his characterization of Iran's economy as deteriorating and his appeal for the Iranian people to rise up indicate no immediate easing of tensions, maintaining a geopolitical risk premium in oil prices. Traders should interpret this as confirmation that Washington sees advantage in maintaining pressure rather than quickly pursuing a deal, lowering the chances of a prompt resolution that might trigger a larger reduction in the conflict premium.

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Earlier:

• US strikes Iranian tankers for first time under new deterrence policy
• CENTCOM confirms hits Iranian air defence and naval sites after Hormuz mine attempt

Trump says he is in no rush to negotiate with Iran because the pressure campaign is already achieving his aims.

Summary:

• President Trump posted on Truth Social disputing an ABC News report that he is trying to push Iran to the negotiating table
• Trump said he would not care if Iran signed what he called a worthless agreement
• Trump said he prefers the current position, citing near total US control of the Strait of Hormuz and a collapsing Iranian economy
• Trump described the situation as Iran playing out an inevitable outcome
• Trump asked when the Iranian people would rise up and fight

President Trump used a Truth Social post to dispute reporting that he is pushing Iran toward a negotiated settlement, arguing instead that the current trajectory of the conflict already favors the United States without needing a deal. Directly responding to an ABC News report, Trump said he was not trying to pressure Iran to the negotiation table and added that he would not care if Tehran signed what he described as a worthless agreement from its own perspective.

Trump depicted the current situation as beneficial for Washington on two counts, pointing to what he called near total US control of the Strait of Hormuz and a collapsing Iranian economy. He described the ongoing conflict as Iran merely playing out an outcome he considers inevitable, suggesting the administration sees little need to pursue diplomacy while military and economic pressure continue to harm Tehran.

The post ended with a direct question addressed to the Iranian public, with Trump asking when the Iranian people would rise up and fight, a comment that extends the administration's rhetoric beyond the military campaign itself and toward an apparent hope for internal political unrest in Iran.

The remarks follow a period of intensified US military action, including strikes on Iranian government tankers under a newly disclosed tanker for tanker policy and a broader campaign officials say has reduced Iran's ability to threaten shipping through the strait for at least the coming month. Trump's framing suggests the administration views that military pressure, combined with economic hardship, as sufficient leverage on its own, with any eventual negotiation happening on terms set by Washington rather than through active diplomatic efforts. The comments give little indication of a near-term shift toward talks, positioning the current standoff as one Washington is comfortable letting continue.