Donald Trump says Iranian negotiators “want to make a deal” but not on his terms

After a two-month ceasefire lapsed, prospects for a US-Iran accord to restore navigation through the Strait of Hormuz have faded. President Donald Trump declined to renew the June understanding, and Tehran labeled it void because the United States had broken it first. Trump characterized the Iranian side as willing to negotiate, though its offer would not meet his demands. Envoy Jared Kushner called the talks constructive but said deep mutual suspicion remains and that Trump would not be hurried into an agreement. Trump also threatened to bomb Oman if it interfered with the process, and Treasury Secretary Scott Bessent promised sanctions isolation beyond anything seen before. With Brent crude above $91, worries about persistent inflation spread; Treasury yields hit their highest level since 2007, and most Asian and European stock markets declined.