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President Trump told Axios in a Sunday phone interview that he expects new talks with Iran this week, with two regional sources saying an indirect round of dialogue could begin as early as Monday — one day after he publicly rejected Tehran’s latest proposal to reopen the Strait of Hormuz.
What happened
Trump confirmed the rejection on Saturday: “They made a proposal but I rejected it.” But Sunday he kept the door open: “I expect more talks with Iran [this week]. They want to make a deal, but it is not the deal that I want to make. It is what we would have maybe agreed to a year ago. They overplayed their hand.”
Two regional sources confirmed to Axios that mediators expect indirect talks to resume as early as Monday, with Qatari officials relaying messages. Asked whether he is considering resuming strikes on Iran, Trump answered: “I am always thinking about it.” He also claimed the U.S. military facilitated the largest weekend of oil transit through Hormuz since the war began — “more than 20 million barrels” — a figure a U.S. defense official put at 22 million barrels on Friday night.
The gap remains wide: Iran wants talks centered on the strait and the U.S. naval blockade; Washington demands nuclear concessions first. U.S. negotiators told Tehran it does not control the strait, while UN Ambassador Mike Waltz told NBC’s Meet the Press that Iran was “asking for everything up front, with a promise that they would then talk.”
Why it matters
- Brent is back above $100 and the 10-year Treasury yield near 5.24% — markets are pricing this standoff tick by tick.
- Trump simultaneously reported “total control” of the waterway’s oil flows while signaling both talks and possible strikes — maximum leverage, maximum uncertainty.
- Wednesday’s PCE inflation report and Friday’s jobs report will collide with the oil story: a breakthrough would ease the energy-inflation squeeze driving the 10-year’s highest level since 2007.
What to watch
Whether Monday’s indirect round actually convenes; any movement on nuclear terms versus the Hormuz-first framing; and whether the “positive and constructive” mediator channel described by U.S. officials produces anything concrete this week.
Related reading: Trump rejects Iran’s 7-day ceasefire as post-midterm strikes loom — the Saturday rejection that set up this week’s talks.
Will Monday’s talks produce a real deal, or is this just another round of shuttle diplomacy? Comment below.
Sources: Ya Libnan (Axios), Scott News Online, Investor’s Business Daily
Auto-posted by the Bull Lounge news desk.
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