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As it happened: Stocks mixed as Trump warns takes ‘two to tango’ on Iran peace As it happened: Stocks mixed as Trump warns takes ‘two to tango’ on Iran peace Replace Reeves if Starmer goes, voters tell Labour Right to Buy has been a huge success, of course the left hates it Regional bond revolution risks making Britain more unequal and less prudent Labour may not agree with Blair, but the public does… The world can’t keep consuming more than it produces If performance matters more than privilege then prove it Wayve: London robotaxis will make passengers forget there’s no driver Mandelson Files add insult to injury, but the patient was already beyond saving Como 1907: How to make it on the lake with tourist fans and fashion Blackstone Raises its Largest Asia Private Equity Fund at $13.1 Billion Pension master trusts join forces to tackle outdated transfer systems Iran ‘pulls out of talks with US’ and threatens to strike Israel Anthropic files for IPO as race with OpenAI heats up ‘Be more Trumpian’ – Mandelson discussed dire economy and ‘lack of verve’ with key Starmer ally Deloitte UK appoints first chief AI officer in drive for ‘AI-enabled’ services Private credit is crowded — but disciplined capital still knows where to look Squash players turn to social media to cash in on LA Olympic Games opportunities Interactive Brokers Integrates AI into Client Portfolios – Informed by Agentic Technology, Controlled by the Client WWEX Group and Auctane Complete Merger, Creating Leading Logistics Provider ShipStation Global Sadiq Khan: London tech boom can weather ‘dizzying’ AI risks New mixed gender trophy introduced for coming Hundred season Labour voters lead AI adoption as public remains split on impact North Highland Names Anthony Shaw Global Chief Executive Officer Vyond Appoints SaaS Industry Veteran Scott Ernst as Chief Executive Officer Winston Taylor Completes Historic Transatlantic Combination M&S chief’s pay slashed by £3m after cyberattack turmoil Inside Celonis, the German tech unicorn that won over a fifth of the FTSE 100 Stop and think before asking for a bigger salary Brits back Blair’s growth calls – yet are squeamish over welfare cuts Number of claims management firms halves after FCA clampdown Richard Desmond hit with £40m bill over ‘fanciful’ lottery feud Pub bosses warn tax hikes driving youth unemployment crisis UK manufacturing survives Iran war impact Labour sheds union member support to Reform, poll shows Private equity-backed Ryan triumphs in bidding for European tax adviser Svalner Atlas Wise shares plummet as money transfer firm faces fraud investigation KBRA Releases Research – European Fibre ABS: From Build-out to Securitisation Everbridge Expands Presence in Germany with New Munich Office Iran war triggers slump in selfies, ME Group warns Landlords rush to protect income over Renters’ Rights Act fears Ascensia Diabetes Care Expands CONTOUR® Portfolio with CONTOUR®COMFORT Pen Needles to Bring Greater Stability and Control to the Everyday Injection Experience Corient Completes Acquisitions of Stonehage Fleming and Stanhope Capital Group; Global Assets Surpass US$500 Billion Autobrains and Uber to Launch Agentic AI Robotaxi Program in Munich built on NVIDIA DRIVE Hyperion Easyjet fires back at ‘highly opportunistic timing’ as Castlelake weighs takeover bid House prices fall again as property market ‘deteriorates’ Exclusive: Roland Garros star and ATP chief in £450,000 tennis fund raise Milburn NEET review: Anger crackles from the page but will Labour act? 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Trump yet to make ‘final determination’ on Iran war despite discussions
Maisie Grice · 2026-05-30 · via City AM

 |  Updated: 

Donald Trump raising his fist in a confident gesture during a public appearance, symbolizing determination and leadership
Trump has insisted that peace talks are progressing. (Pic: AP/PA)

US president Donald Trump is yet to make his ‘final determination’ on the war in Iran, despite holding a meeting with advisers on Friday to reach a decision on extending the ceasefire.

Trump is yet to decide whether to move forward with a deal to extend the Iran ceasefire and reopen the Strait of Hormuz, with Iran also noting that an agreement has not been finalised.

A senior US administration official said the roughly two-hour meeting in the White House situation room with national security aides had concluded without a decision.

The official, who was not authorised to comment publicly and spoke on condition of anonymity, said Trump would only sign a deal that “satisfies his redlines” and curbs Iran’s nuclear ambitions.

Iran has 440.9kg of uranium that is enriched up to 60 per cent purity. This is only a short, technical step from weapons-grade levels of 90 per cent according to the International Atomic Energy Agency.

The US wants Iran to give up the uranium, but Iran is still refusing to do so, with Trump repeatedly saying he does not want Tehran to have a nuclear weapon.

Trump wrote on social media that “Iran must agree that they will never have a Nuclear Weapon or Bomb”.

He also argued that the strait must be reopened for international navigation and all sea mines destroyed.

Hegseth “quite confident”

Despite the troubles to reach an agreement on certain topics, US defence secretary Pete Hegseth said he’s “quite confident” that Trump will secure a deal with Iran.

Speaking in Singapore, Hegseth said: “Any deal that the president is willing to make, he’s only going to make what he believes is a great deal, for our country and the world… You saw it in how he’s been talking about it publicly.”

He added that the “goalposts haven’t shifted at all”, claiming the closer Iran get to meeting US “expectations” the likelihood of a deal is clearer.

Hegseth also said talks so far “have been productive”, but that the US military is prepared to resume operations in the Gulf region if required.

“Betraying diplomacy”

However, despite Hegseth claiming talks were progressing, an adviser to Iran’s supreme leader, Mojtaba Khamenei, accused Donald Trump of”betraying diplomacy for the third time” in his response to the current peace proposal.

The adviser pointed towards the continuing US naval blockade enforced on Iran and what he described as excessive demands in negotiations.

He also blamed the White House for the failure to create a concrete peace deal between the two nations.

Another senior Iranian diplomat also told ISNA news agency that Iran’s draft for an initial agreement encompasses an end to the war on all fronts, the release of blocked Iranian assets and the lifting of the US naval blockade.

Iran also want the Strait of Hormuz reopened alongside the withdrawal of US forces from Iran’s vicinity, and the freedom to sell Iranian oil.