Trump Holds Situation Room Meeting on Iran Deal to Reopen Strait of Hormuz, Destroy Uranium

President Donald Trump held a White House Situation Room meeting with advisers as he pondered moving forward with a deal to extend the Iran ceasefire and reopen the Strait of Hormuz, with a senior administration official later saying the roughly two-hour meeting had concluded without saying whether Trump made a decision.

“Trump meets with aides to determine whether to move forward with Iran deal Trump meets with aides to determine whether to move forward with Iran deal WASHINGTON (AP) — U”

AP News

CBS News reported Trump said the agreement would need to ensure the Strait of Hormuz reopens and Iran's highly enriched uranium is "DESTROYED," and it said it was not clear whether he made a decision after the meeting wrapped up Friday afternoon.

AP News

The AP reported that the deal would extend the fragile ceasefire by 60 days and start new talks on Iran’s disputed nuclear program, while Iran said the agreement had not been finalized.

Vice President JD Vance told the BBC the U.S. and Iran were "going back and forth on a couple of language points" and said the sides were "very close" but "not there yet" before any agreement on the war could be reached.

Iran’s Foreign Ministry spokesman Esmaeil Baghaei told a state broadcaster that the agreement "has not been finalized yet," and the BBC reported that Baghaei said Iran and the US were still in contact but a memorandum of understanding had not yet been finalized.

The AP quoted Mohammad Bagher Qalibaf saying, "No step will be taken before the other side acts," and it added that he wrote on X that "We do not gain concessions through talks, but through missiles."

BBC

CBS News said Treasury Secretary Scott Bessent told a panel at the Reagan National Economic Forum in California that the U.S. has seized roughly $1 billion in Iranian cryptocurrency assets, adding that he said the U.S. "Just outright, grabbed the wallets."

BBC reported that the U.S. and Iran still needed to work out sticking points before reaching an agreement, including the "question of enrichment," while Vance said the U.S. believed the Iranians were negotiating in "good faith."

CBS News said leaders of the World Bank, the International Monetary Fund and the International Energy Agency warned that if oil shipping does not return to normal, there could be "increasing risks for fuel security, market conditions, and broader economic resilience" when demand picks up this summer.

“What to know about the Iran war today: - President Trump announced Friday he would be making a "final determination" on a potential agreement with Iran during a meeting in the White House Situation Room”

CBS News

Those same CBS News details said the Strait of Hormuz has been closed to most shipping traffic for the last three months and that "global oil inventories are being drawn down at a record pace," while the organizations said the global economy continues to show resilience.

NBC News reported that the State Department and the Treasury Department announced new sanctions on Iran’s oil trade despite ongoing negotiations to reach a deal to end the war, and it said Trump was reviewing the latest version of a potential agreement but had not yet signed off on it.

In a separate development, the BBC reported that the Persian Gulf Strait Authority vowed to continue its operations "without interruption" after being added to the U.S. Treasury sanctions list, while it also said the closure of the strait had impacted global fuel trade.