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Trump says Iran talks to take place on Monday, sets no deadline for deal

Trump said allies and Iran pressed him to pause the attack as oil prices fell more than 4% and talks were set to resume Monday.

  • On Monday, President Donald Trump announced from Air Force One that he halted planned strikes on Iran to begin negotiations aimed at winding down the war and reviving stalled cargo traffic through the Strait of Hormuz.
  • This pause follows a recurring pattern of threatening massive strikes before calling them off, a defining feature of the five-month conflict that has repeatedly upended market stability and oil prices.
  • Trump described the pause as a 'memorandum of understanding,' warning that 'if I don't like it, we'll go back to shooting at them, dropping bombs,' subject to rapidly securing a DEAL.
  • Negotiations began Monday afternoon to achieve 'the Immediate, Complete and Total' reopening of the Strait, while Iran's defense minister stated the country was 'neither surprised nor passive' following the announcement.
  • Previous agreements including a 60-day negotiating clock failed to prevent strike resumption by May 27, leaving observers skeptical that current talks will produce a lasting resolution to the Strait crisis.
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After cancelling a "massive attack" in the last hours and ensuring that he was about to close an agreement with Iran, the U.S. president has announced that talks will resume on Monday

·Madrid, Spain
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Reuters broke the news in London, United Kingdom on Sunday, August 2, 2026.
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