President Donald Trump told reporters on June 9 that a peace agreement with Iran could come together within two to three days, offering his most optimistic timeline yet for negotiations that have whipsawed global markets for weeks.
Trump made the comments in New York after attending Game 3 of the NBA Finals between the Knicks and the Spurs.
What’s on the table
The talks center on a proposed 60-day ceasefire and discussions about reopening the Strait of Hormuz, one of the most strategically important waterways on the planet. Roughly a fifth of the world’s oil passes through that narrow channel.
The negotiations have played out against a backdrop of escalating tensions between the US, Israel, and Iran earlier this year. Weeks of back-and-forth speculation over a memorandum of understanding have kept markets in a state of persistent uncertainty.
