Current sectionIsrael NewsIsrael SecurityAfter two hours in the Situation Room, Trump did not reach a decision on a new deal with Iran despite vowing to do so, according to the New York Times. Earlier, a senior Iranian source said the U.S. and Iran have reached a 'political understanding' that '⁠has not ‌yet ⁠been finalized'Share to FacebookShare to XArticle printing is available to subscribers onlyPrint in a simple, ad-free formatSubscribeComments: Zen reading is available to subscribers onlyAd-free and in a comfortable reading formatSubscribeU.S. Interior Secretary Doug Burgum, Secretary of State Marco Rubio, U.S. President Donald Trump, Defense Secretary Pete Hegseth and Commerce Secretary Howard Lutnick attend a cabinet meeting in the Cabinet Room at the White House, in Washington, Wednesday. Credit: Evan Vucci/ReutersU.S. Interior Secretary Doug Burgum, Secretary of State Marco Rubio, U.S. President Donald Trump, Defense Secretary Pete Hegseth and Commerce Secretary Howard Lutnick attend a cabinet meeting in the Cabinet Room at the White House, in Washington, Wednesday. Credit: Evan Vucci/ReutersMay 29, 2026Updated:10:05 PM IDTU.S. President Donald Trump listed U.S. demands for a potential Iran deal ahead of a Situation Room meeting on Friday, saying Tehran must reopen the Strait of Hormuz "immediately" and adding that "no money will be exchanged."Later on Friday, the New York Times reported, citing a senior administration official, that Trump attended a two-hour long meeting at the White House, but did not reach a decision on a new deal. According to the report, the U.S. president and his aides still believe they are close to striking a deal with Iran, pending certain matters, including the issue of Iranian frozen funds. Earlier on Friday, Iran said it does not trust U.S. guarantees and will not act unless Washington does first. Trump listed in a post on Truth Social what ‌a potential deal would need to include: Iran agreeing not to develop a nuclear weapon, the reopening of the Strait, the removal of any sea mines, the lifting of the U.S. ⁠blockade on Iran and the removal and destruction by the U.S. ‌of Iran's ⁠highly enriched uranium."The enriched material, sometimes referred to as 'Nuclear Dust,' ... will be unearthed by the United States ... and DESTROYED," Trump wrote in a post on his Truth Social network. "The Hormuz Strait must be immediately open, no tolls, for unrestricted shipping traffic, in both directions," he wrote."I will be meeting now, in the Situation Room, to make a final determination," he said, referring to the White House's nerve centre for monitoring global crises.Screenshot taken from U.S. President Donald Trump's post on Truth Social, on Friday.Screenshot taken from U.S. President Donald Trump's post on Truth Social, on Friday.Following Trump's post, Iranian officials said his statement contained false claims and omitted key parts of the agreement, according to Iran's semi-official Fars News Agency.According to Fars, Trump's statement on dismantling Iran's nuclear material is "entirely baseless." The semi-official outlet also said that the agreement includes "the establishment of a complete cease-fire in Lebanon in accordance with Hezbollah's position."Residents and workers clear debris from an apartment building damaged in an Israeli airstrike a day earlier in Choueifat, in Dahiyeh, Beirut's southern suburbs, Lebanon, Friday. Credit: Hassan Ammar/APResidents and workers clear debris from an apartment building damaged in an Israeli airstrike a day earlier in Choueifat, in Dahiyeh, Beirut's southern suburbs, Lebanon, Friday. Credit: Hassan Ammar/APThe deal also does not mandate that Iran reopen the Strait of Hormuz without charging fees, Fars said, contrary to Trump's post on Truth Social. The semi-official outlet added that Iran only agreed to reopen the strait when the U.S. blockade is lifted, while Trump said it should be reopened "immediately."According to Fars, Trump failed to mention "the most important part of the agreement," citing an "immediate release of $12 billion from Iran's frozen assets," as opposed to Trump's statement that "no money will be exchanged until further notice."Haaretz PodcastHow the Iran war destroyed Israel's deterrenceHaaretz PodcastHow the Iran war destroyed Israel's deterrencetotal-- : --time0:00Later on Friday, a senior Iranian source told Reuters that the United States and Iran have reached a "political understanding," adding that it "⁠has not ‌yet ⁠been finalized."The source said the possible memorandum of understanding between Tehran and Washington does not include any nuclear-related issues, adding that Trump's claim about Iran's highly enriched uranium stockpile is not true.Iran's foreign ministry spokesman, Esmaeil Baghaei, later told state TV that Tehran is "focused on ending ‌the ⁠war" and is "⁠not negotiating ‌over Iran's ⁠nuclear program." The management of the Strait of Hormuz is a matter to be decided by Iran and Oman, he added. According to him, no agreement with Washington has been finalized so far.The New York Times reported earlier Friday that the United States and Iran are nearing a preliminary agreement to end the war that mentions an investment fund for Iran, citing officials involved in the talks.Two officials reportedly put the size of the fund at $300 billion to be invested in reconstructing Iran, while other officials did not confirm a specific amount. Iran has previously demanded $300 billion to $1 trillion in reparations for U.S. and Israeli strikes, according to the report.According to The Times, U.S. President Donald Trump's son-in-law Jared Kushner and Special Envoy Steve Witkoff have previously proposed real estate investments in Iran as part of a deal. Iranian officials reportedly proposed that U.S. companies, including major fossil fuel corporations, invest in projects in Iran.On Thursday, sources told Reuters that the United States and Iran reached an agreement on Thursday to extend their cease-fire and lift restrictions on shipping through the Strait of Hormuz, although U.S. President Donald Trump has yet to approve ‌it and Iranian state media said it had not been finalized.In the NewsReport: Trump Did Not Reach Iran Deal Decision; Tehran: Demands Are 'Baseless'Report: UAE Struck Iran Dozens of Times in Coordination With Israel and U.S.Dozens of Haredi Protesters Besiege Police Station After Arrest of Draft DodgerIsrael, Lebanon Hold Military Coordination Talks as IDF Scales Lebanon OperationIrish Soccer Player Calls for Resolution Over anti-Israel ProtestsRemembering and rebuilding two years laterICYMIIsrael Orders Unprecedented Seizure of Religious Site From Palestinian Authority'Israelis Are More Genocidal Than You Think': The 'Counter Hasbara' of Andrey XFreed Gaza Flotilla Activists Report Sexual Abuse, Rape in Israeli CustodyFormer Israeli Soldier Dies by Suicide in Miami at Age 23Netanyahu's Promises of Victory in Iran End in a Glorious U.S. CapitulationWill Trump Forgive Netanyahu Over Iran? 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