The US president said he was “not satisfied” by negotiations with Iran as the White House labelled an Iranian report on a draft deal as a “complete fabrication”, damping expectations for an imminent breakthrough.

The US president has downplayed hopes of a permanent ceasefire, a day after saying a deal had been "largely negotiated".

US and Iran edge toward a possible peace deal as Trump urges negotiators not to rush, roiling global markets from Japan’s Nikkei to oil prices and Gulf shipping.