US Not Final on Iran Nuclear Deal Despite Tuesday Agreement

US Vice President JD Vance stated Thursday that the US is "not there yet" on a deal with Iran, despite negotiators reportedly reaching agreement on Tuesday. The deal still requires President Donald Trump's approval, who has established clear red lines: Iran must hand over its highly enriched uranium and cannot obtain nuclear weapons. Treasury Secretary Scott Bessent added that negotiators had been "going back and forth" and emphasized that "the Strait of Hormuz must be free and open as it has been before." While Vance acknowledged both sides were close, he noted the US remains in a position to "substantially set back Tehran's nuclear programme." This situation affects global oil markets as the Strait of Hormuz is a critical chokepoint for oil shipments. With Trump's final approval still pending, international businesses and energy markets should monitor developments closely. The unresolved nuclear negotiations could impact oil prices and shipping routes in the coming weeks. What's your assessment of how this geopolitical tension might affect your business operations or investment decisions in the energy sector?

SOURCE: https://dailypost.ng/2026/05/29/war-we-are-not-there-yet-jd-vance-on-us-iran-deal/