President Trump has issued a 60-day ultimatum to Iran, warning that failure to reach an agreement with Washington will result in unspecified actions. He also highlighted the potential threat to oil shipments through the Strait of Hormuz.

The ultimatum and potential disruption to the Strait of Hormuz pose significant risks to global energy markets and international stability. The outcome of these negotiations could impact oil prices, regional security, and the broader geopolitical landscape.
President Donald Trump has issued a stark warning to Iran, setting a 60-day deadline for the nation to reach an agreement with Washington or face unspecified retaliatory actions. Trump indicated that he does not anticipate the situation escalating to that point but emphasized the urgency.
During a public address, Trump highlighted the potential threat to global energy supplies, stating that any escalation could disrupt oil shipments through the critical Strait of Hormuz. He noted that owners of large commercial vessels would be hesitant to operate in waters threatened by missiles and mines.
Sources indicate that a memorandum of understanding (MOU) has been digitally signed by President Trump and Vice President JD Vance, which is expected to reopen the Strait of Hormuz to all maritime traffic. A formal signing ceremony is slated to take place in Geneva, Switzerland, on Friday, with details of the agreement anticipated within 24 to 48 hours.
Progress has reportedly been made regarding Iran's frozen assets, though significant disagreements persist over the amount and timing of their release. A senior advisor to Iran's Supreme Leader urged Trump to make decisions independently of Israel, lift the blockade on the Strait of Hormuz, and release the frozen assets, describing the current negotiations as being at a deadlock.
This diplomatic push follows a ceasefire that took effect on April 8 between Iran, the United States, and Israel after 40 days of conflict. A preliminary MOU was reached on May 28 to extend this ceasefire for another 60 days, initiating negotiations aimed at a permanent end to the war, with Pakistan acting as a mediator.