Trump Says Iran May Now Agree on Nuclear Terms

• Trump says Iran “agreed to almost everything,” with the main sticking point still nuclear.
• The U.S. has begun a naval blockade around Iranian ports, while saying non-Iranian Hormuz traffic can still move.
• Iran’s military calls the blockade illegal piracy and warns that no Gulf port will remain safe if its own ports are threatened.

President Donald Trump says Iran may now agree on nuclear terms after talks hit a final roadblock over Tehran’s nuclear program. In remarks highlighted in an X post, Trump says both sides “agreed to almost everything,” adds that the main sticking point was nuclear, and says he thinks Iran will now agree.

Trump also says Iran called that morning and wants a deal. At the same time, he warns that the United States will recover Iran’s nuclear material one way or another and says there will be no agreement if Tehran refuses to give up the nuclear issue.

Trump Sharpens Pressure on Iran Talks

Trump says, “Iran will not have a nuclear weapon, and we’re going to get the dust back. We’ll get it back; either we’ll get it back from them, or we’ll take it.” He also says, “If they don’t agree, there’s no deal; there’ll never be a deal.”

Those remarks show a negotiation that is still alive, but only narrowly. Trump is signaling that Washington sees progress on most points, yet he is also making clear that the nuclear file remains non-negotiable. In his latest comments, he presents Iran as close to a deal while also tying any final agreement to full movement on nuclear restrictions.

He also adds a new geopolitical threat beyond the current conflict. In another post on X, he states that the United States “may stop by Cuba after we finish with Iran.” That line widens the rhetoric and adds another layer of uncertainty to an already tense market backdrop.

U.S. Blockade Meets Iranian Piracy Accusation

The military pressure is now rising alongside the diplomacy. The U.S. has started a blockade covering maritime traffic entering and leaving Iranian ports in the Gulf and the Gulf of Oman. U.S. officials claim that the measure aims to halt Iranian commercial activity and compel Tehran to return to negotiations.

Iran’s military is responding with a direct warning. It says the U.S. naval blockade is illegal and amounts to piracy. It also says that if Iran’s ports in the Gulf and Arabian Sea are threatened, then no port in those waters will remain safe.

That exchange marks a sharp escalation around the Strait of Hormuz. Washington says freedom of navigation for ships going to and from non-Iranian ports will continue. Tehran is signaling that any threat to its own port security could widen the crisis across the region.

Markets Turn Defensive as Risk Rises

The market reaction is already moving into risk-off mode. Oil is pushing higher again as traders price in the growing chance of a deeper supply shock through Hormuz. Brent is back above the $100 area, and the broader move in crude reflects renewed fears that restricted flows through the Strait could tighten physical supply quickly.

Equities are also losing momentum as investors move away from risk assets. The latest shift points to rising demand for the U.S. dollar and other defensive positions, while inflation fears are returning as higher energy prices feed through the macro outlook.

Crypto is reacting like a high-beta risk asset in that environment. The latest escalation is adding volatility to Bitcoin and Ethereum, with traders responding quickly to headlines around talks, naval pressure, and the risk of a wider regional war. For now, the market is trading on diplomacy, energy disruption, and the next signal out of Washington and Tehran.

Related: BlackRock Buys $612M in Bitcoin as US-Iran War Escalates