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• Get the latest updates on the war with Iran here.
Key developments
• Where talks stand: The US and Iran are signaling progress in efforts to resolve the war, but crucial details of a framework agreement are still under negotiation, and a US official tells CNN it could take a few more days to finalize. President Donald Trump has said a deal is close but that a US naval blockade on Iranian ports will remain in place during the ongoing talks.
• How the deal would work: The framework would give negotiators 60 days to iron out a longer-term agreement, according to a senior Trump administration official. The specific terms surrounding the Strait of Hormuz and Iran’s nuclear program will be critical. Here’s what we know so far.
• Long road ahead: If a deal is reached to end the war and reopen the strait, it will be a lengthy and complex process to alleviate the world’s energy crisis and start lowering prices for consumers.
Iran deal “still a work in progress,” Rubio says
Negotiations between the US and Iran are “still a work in progress,” US Secretary of State Marco Rubio said Monday, during a visit to India.
Rubio said there was “a pretty solid thing on the table” in terms of Iran’s ability to open up the Strait of Hormuz and enter into “a real significant time limited negotiation on nuclear matters.” The potential agreement has a lot support from Gulf states and globally, Rubio added.
He also reiterated that President Donald Trump “is not in a hurry” and “is not going to make a bad agreement.”
“We’re either going to have a good agreement or we’re going to have to deal with it another way,” Rubio said.
Asked whether Lebanon will be part of the deal, Rubio said conversations with Israel and Lebanon are ongoing.
Iran war intensifies devastating conflict 2,000 miles away in Myanmar
Myanmar’s farmers need fuel and fertilizer to nourish their crops, but ships carrying that lifeline are trapped 2,000 miles away in the Strait of Hormuz.
The country’s civil war, sparked by a military coup in 2021, had been raging for five years before the US and Israel launched strikes on Iran.
So far, millions have been displaced, the economy and healthcare system devastated, and the country divided into military- and non-military-controlled areas.
Now, the added impact of the US and Israel’s war with Iran and the closure of the Strait of Hormuz is pushing communities like Maung Nu Sein’s to the extreme. He is unsure how much longer his farm can keep his family fed.
Much of the fuel and fertilizer he and other farmers need to nourish their fields are stranded, waiting to cross the Strait of Hormuz.
Myanmar imports 90% of those crucial supplies and the Middle East conflict has disrupted deliveries, sending their prices soaring.
Oil prices drop on signs of Iran deal
Brent crude prices on Sunday fell nearly 1.5% to about $99 a barrel and US crude dropped almost 5%, to about $92 a barrel.
The drop in oil prices comes as the US and Iran are negotiating a deal that would include the reopening of the Strait of Hormuz, which has remained effectively closed to oil flows since the start of the war on February 28. About 20% of all oil supplies pass through the strait.
Rising gas prices have gained attention on the Memorial Day Weekend, a busy time for traveling.
This Memorial Day weekend was the most expensive in four years, according to AAA, which noted that elevated gas prices will remain throughout the summer. The national average for a gallon of gas on Sunday was $4.51 — up about 51% from the start of the war.
JPMorgan analysts expect oil prices to average $97 a barrel through the rest of the year, if the strait is reopened in early June.
It could take days to finalize deal with Iran, US official says
It could take a few more days before the memorandum of understanding between the US and Iran is finalized, a senior US official said, citing a prolonged process in getting Iran’s sign-off on the pact’s language.
While President Donald Trump declared on Saturday a deal was imminent, officials a day later sought to tamp down on expectations it would be announced this weekend.
How much longer it takes depends on how quickly Iran responds to some wording requests made by the US, the official said.
While the US believes Iran has agreed in principle to the deal’s major points, there is a continued back-and-forth over wording in the deal, which the official said required a lengthy approval process from the Iranian side. The official said the US was still nailing down language on “a couple of points.”
Once all sides are in final agreement, an in-person signing ceremony is expected to take place between US and Iranian officials, potentially followed right away by a round of negotiations on the next phase of the deal.
Framework agreement is "'trust but verify' on steroids,” administration official says
The framework agreement between the United States and Iran gives the parties “60 days to reach final deal points,” according to a senior administration official.
According to the official, the potential deal would make sure Iran can never possess a nuclear weapon and would commit them to giving up highly enriched uranium, which the president often refers to as “nuclear dust.”
How the stockpile is disposed of remains to be negotiated and would be a part of the next phase of negotiations.
The official said that the deal would reopen the Strait of Hormuz, making sure that it is “de-mined and back open for business” but did not provide specifics on how the critical waterway would function going forward.
“The important part of how this is structured is, if Iran doesn’t perform, they don’t get anything. No dust? No dollars. As the Strait opens, the blockade loosens proportionately,” the official said. “This is ‘trust but verify’ on steroids.”
These details come the day after a call with Gulf and other regional leaders that Trump said “went well.” He said the group discussed all things concerning Iran and related to the memorandum of understanding pertaining to peace. Shortly after that call he said that an agreement had been “largely negotiated” and details would “be announced shortly” but Sunday morning he said that he was not in a rush to finalize anything and believes that time is on his side.
Trump says "if" he makes a deal, it will differ from former Iran deal
US President Donald Trump said “if” he strikes an Iran deal, it will differ from the one made under former President Barack Obama, saying it “is the exact opposite, but nobody has seen it, or knows what it is.”
“If I make a deal with Iran, it will be a good and proper one, not like the one made by Obama,” he said in a post on Truth Social, saying that deal gave Iran “a clear and open path to a Nuclear Weapon.”
While saying his deal would differ greatly from the Joint Comprehensive Plan of Action negotiated during the Obama administration and insisting it would be the “exact opposite,” Trump said no one knows the full details and the deal isn’t “even fully negotiated yet.”
“Our deal is the exact opposite, but nobody has seen it, or knows what it is. It isn’t even fully negotiated yet. So don’t listen to the losers, who are critical about something they know nothing about. Unlike those before me who should have solved this problem many years ago, I don’t make bad deals!”
Here's a rundown of the day's key headlines on US-Iran peace talks
While President Donald Trump said a deal is close and both US and Iranian officials are signaling progress in the peace effort, an agreement is not expected to be signed today, a senior US administration official told CNN.
Details of the agreement are still being negotiated, including specific terms around the Strait of Hormuz and Iran’s nuclear program, according to the official. Negotiators are also ironing out details on sanctions relief and unfreezing Iranian assets.
Trump said Sunday that the US won’t rush into a deal and the American blockade of Iranian ports will remain in full effect until an agreement is reached.
Here’s what else we’ve been covering:
- Economic outlook: As momentum builds toward a potential agreement, so are hopes that the conflict’s economic impacts will be abated. But even if a deal is reached to end the war and reopen the Strait of Hormuz, experts expect a logistical nightmare that could keep oil and gas prices stubbornly high for a long time. Top White House economic adviser Kevin Hassett tried to paint a rosier picture in an interview with CBS on Sunday, saying prices will come down soon after the strait and oil refineries reopen.
- Netanyahu weighs in: Israeli Prime Minister Benjamin Netanyahu publicly responded for the first time Sunday to reports of the emerging US-Iran deal, stating that “Iran will never have a nuclear weapon.” Netanyahu said he and Trump are in touch about the negotiations and agree that any final agreement “must eliminate the nuclear danger.”
- Congress reacts: Speaker of the House Mike Johnson predicted that a deal with Iran would bring gas prices down and be “a big thing” for the US midterm elections. GOP Sen. Thom Tillis said a deal would be “doomed to fail” because of a lack of congressional oversight. Democratic Sen. Cory Booker called the potential deal a form of hypocrisy from the Trump administration. And outgoing Rep. Thomas Massie said he would be in favor of a short-term deal with Iran that would allow for more negotiations on the nuclear issue.
- Strait movements: Iran’s Islamic Revolutionary Guard Corps said it had authorized more than 30 vessels to traverse the Strait of Hormuz in the past 24 hours, according to the state-affiliated Fars news agency.
- Key mediators: Pakistan and Qatar have emerged as important mediators between Tehran and Washington, relaying respective peace proposals and counterproposals between the two warring parties.
CNN’s Julia Benbrook, Kevin Liptak, Abbas Al Lawati, Sophie Tanno, David Goldman, Tal Shalev, Eugenia Yosef, Billy Stockwell, Alison Main, Dalia Abdelwahab and Aida Karimi contributed to this report.
Democratic senator: Potential deal is just "digging a hole"
Democratic Sen. Chris Van Hollen voiced his concerns regarding President Donald Trump’s potential deal with Iran, claiming he is “digging a hole.”
“Prices are going up, interest rates are going up, and we’re mired in this war in Iran. And when you’re digging a hole, you should stop digging. That’s what this agreement sounds like,” Van Hollen said Sunday on CBS’ “Face the Nation.”
CNN has reported that a deal would potentially include the unfreezing of Iranian assets and the relief of sanctions in exchange for the reopening of the Strait of Hormuz.
The strait “was open before the war started,” Van Hollen said, adding he thinks Iran will retain control over it. “We also know Iran has an even more hardline regime in place now, and we’re talking about releasing some of Iran’s frozen assets. So, look, my view is, as I said, stop digging.”
No agreement between Iran and US expected to be signed today
A US agreement with Iran is not expected to be signed today, a senior administration official tells CNN. According to the official, details of the agreement are still being negotiated.
Iran has committed in principle to reopen the Strait of Hormuz and dispose of its stockpile of highly enriched uranium as part of the agreement with the United States, a separate administration official said.
How exactly the stockpile is disposed of remains to be negotiated, the official added, as does the length of a moratorium on future uranium enrichment.
Sanctions relief and unfreezing Iranian assets would follow only if the Strait reopens and Iran follows through on its commitments to negotiate curbs on its nuclear program, the official said.
The specific dollar amount that Iran would receive as part of the deal have yet to be negotiated, the official said.
This comes the day after President Donald Trump said that an agreement between the United States and Iran had been “largely negotiated,” signaling potential momentum toward ending the monthslong war.
It is still not certain if this draft will turn into a final agreement.
Outgoing congressional Trump rival would support Iran deal
Outgoing US Rep. Thomas Massie said Sunday morning he would be in favor of a short-term deal with Iran that would allow for more negotiations on the nuclear issue.
“I was the author of the first war powers resolution to get us out of Iran,” Massie told NBC News’ “Meet the Press.” “My constituents are hurting. Gas is almost $5 a gallon, diesel is almost $6 a gallon, and the farmers here in Kentucky can’t afford the fertilizer to put on their fields. So, heck yes, I would support it.”
Massie is notably among the few Republicans that diverged from the party line on the matter of the war. That stance, along with Massie’s push to publicly release files related to the activities of convicted sex offender Jeffrey Epstein and other repeated instances of breaking with his party, contributed to President’s Donald Trump’s public chagrin and a successful effort to defeat his 2026 reelection bid.
Trump yesterday said an agreement had been “largely negotiated” although specific terms are still unclear. A regional source with knowledge of the negotiations told CNN that the deal is expected to unfold in two phases, with the first focused on reopening the Strait of Hormuz and the second, lasting 30-60 days, focusing on detailed negotiations over the nuclear issue and other issues.
Massie, who is Libertarian-leaning, seemed to nod at his divergence from the Republican Party on the war, going as far as using some of his colleagues’ skepticism of reports of the deal’s terms as a litmus test for his support of it.
“We don’t know what the terms of it are, but if Lindsey Graham and Ted Cruz were crashing out last night, I’d say it’s probably a pretty good deal,” he said in reference to skepticism from two Republican senators with Iran-hawkish attitudes.
End of the war wouldn't mean an immediate resolution to the energy crisis
As momentum appears to be building toward a peace agreement between the US and Iran, so too are hopes that the conflict’s significant economic impacts will be abated.
Plenty of uncertainty remains over the exact status of the negotiations and the specific terms of any agreement, including around the Strait of Hormuz, the vital waterway for passage of much of the world’s oil supply.
But if this really, truly is the end of the war and the strait is about to reopen, what happens next? When will prices return to where they were before the war?
Not anytime soon.
First, a logistical nightmare: Once the strait has truly reopened, a complex, multi-step process will have to unfold, including clearing the strait’s existing bottlenecks, drawing down stockpiles, restarting production and making repairs.
What will happen to oil and gas prices: Traders have tried several times to test a new floor for crude, but it hasn’t settled below $94 a barrel since mid-March. Brent crude futures settled at a little over $100 a barrel on Friday, and if traders are optimistic about peace progress, they may try to test the lower limits when trading resumes Monday evening.
JPMorgan analysts, who expect the strait to open toward the beginning of June, expect oil to average $97 a barrel throughout the rest of the year.
Historically, Brent needs to be in the $60 range for $3-a-gallon gas, noted Michael Green, chief strategist at Simplify Asset Management. The futures market currently doesn’t anticipate that happening until 2032.
The longer this peace lasts, and the more evidence that production is rebooting, the lower oil prices could go.
But there’s a lot of “ifs.”
Read our full breakdown of the potential impact on gas prices and the energy market.
As Trump hints at peace, here’s what initially sparked the Iran war
On February 28, President Donald Trump announced a “major” attack on Iran, saying the United States’ main objective was “to defend the American people by eliminating imminent threats from the Iranian regime.”
Those threats, he said, included Iran’s nuclear program – a reoccurring sticking point which has also hampered more recent negotiations to end the fighting.
The joint US-Israeli strikes on Iran — which killed then supreme leader Ayatollah Ali Khamenei — resulted in thousands of deaths across the country and caused damage to dozens of museums, historic buildings and cultural sites, according to Iranian media outlets and officials. In response, Iran launched waves of retaliatory strikes across the Middle East and effectively closed the Strait of Hormuz.
Weeks prior to the outbreak of war in February, the Trump administration amassed the largest military buildup in the Middle East since the invasion of Iraq in 2003, triggering warnings about escalating regional violence if a conflict broke out.
At the same time, US envoys were holding regular talks with Iran over a potential new nuclear deal. But those negotiations did little to avert military action, with Trump accusing Iran at the time of rejecting “every opportunity to renounce their nuclear ambitions.”
The start of the war in February also followed mass anti-regime protests in Iran the previous month, fueled by economic discontent amid spiraling costs.
A brutal crackdown by the Iranian regime in response led Trump to promise support for protesters, saying the US was “locked and loaded.”
Trump says United States will not “rush into a deal”
President Donald Trump said the United States will not “rush into a deal” with Iran, adding that the American blockade of Iranian ports will remain in “full force and effect” until an agreement is reached.
“The negotiations are proceeding in an orderly and constructive manner, and I have informed my representatives not to rush into a deal in that time is on our side,” Trump wrote in a social media post Sunday morning. “Both sides must take their time and get it right. There can be no mistakes! Our relationship with Iran is becoming a much more professional and productive one.”
A day after President Trump said he would soon announce details on a deal with Iran, the president indicated that he told his representatives "not to rush" and that "time is on our side." CNN's Julia Benbrook reports.
Trump reiterated that Iran must understand “that they cannot develop or procure a Nuclear Weapon or Bomb.”
The president yesterday said an agreement between the United States and Iran had been “largely negotiated” and that the Strait of Hormuz would be reopened, signaling potential momentum toward ending the monthslong war.
The deal is expected to unfold in two phases, a regional source with knowledge of the negotiations told CNN. In the first phase, Iran will reopen the Strait of Hormuz to its pre-war status with shipping security in the region ensured, and provide assurances that it will not pursue nuclear weapons, the source said. Iran will also be allowed to resume the sale of fuel and oil.
The second phase, lasting 30-60 days, will focus on detailed negotiations over the nuclear issue and other, broader issues, the source said.
Iran deal a form of hypocrisy from Trump administration, Democratic senator says
Democratic US Sen. Cory Booker expressed his criticism of the deal under negotiation in the US-Iran war, suggesting that the reported parameters expose a form of hypocrisy from the Trump administration after it nixed an agreement formed under the Obama administration.
“(Trump) criticized roundly that the deal that got rid of their nuclear program, or their so-highly-enriched program, involved getting $50 billion for Iran,” Booker, who sits on the Senate Foreign Relations Committee, told CNN’s Jake Tapper on “State of the Union.” “But already, the president’s balance sheet is letting more than $14 billion go through.”
CNN has learned that some metrics of the deal include the unfreezing of some Iranian assets being held in offshore banks. Booker characterized moves in that vein as a double standard that could jeopardize regional stability, pointing out that easing US sanctions could open the door to further enrichment of uranium nearing weapons-grade status.
“The same deal he criticized, he’s already doing worse than,” Booker said. “Giving Iran more money, as he has said, will allow them to do things like fuel their proxies, their terrorist proxies. That’s why this war is wrong.”
GOP Sen. Tillis says Iran deal "doomed to fail"
GOP Sen. Thom Tillis predicted the deal that President Donald Trump is working to finalize with Iran is “doomed to fail” because it lacks congressional oversight.
Tillis said the deal “doesn’t make sense,” in an interview on CNN’s “State of the Union,” and cast doubt on the likelihood Iran abides by the terms of any agreement.
“We were told about 11 weeks ago by Hegseth and the Department of Defense that they had obliterated Iran’s defenses, and it was just a matter of time before we had the nuclear material. Now we’re talking about a posture where we may accept the nuclear material remaining in Iran. How does that make sense at all?” he asked.
He also said it was “questionable” whether Iran would start clearing out of the Strait of Hormuz before the terms of the deal are established.
“There are a lot of things that need to be explained, and as I’ve said before, any agreement with Iran that isn’t subject to ratification by Congress is going, I think, going to be doomed to fail,” he said.
Netanyahu issues first public response to emerging US-Iran agreement
Israeli Prime Minister Benjamin Netanyahu publicly responded for the first time Sunday to reports of an emerging US-Iran agreement to end the war, stating that “Iran will never have a nuclear weapon.”
The message was posted on X alongside what appeared to be an AI-generated image of Netanyahu and US President Donald Trump.
Later Sunday, Netanyahu added that he and Trump had agreed that any final agreement with Iran “must eliminate the nuclear danger.”
Trump and Netanyahu spoke on Saturday following reports of progress toward a US memorandum of understanding with Iran, amid Israeli concerns that a limited deal that is focused on extending the ceasefire and reopening the Strait of Hormuz would fail to address core issues for Israel, primarily Iran’s nuclear program and stockpile of enriched uranium.
According to an Israeli official, Trump reassured Netanyahu that he would “stand firm” in negotiations on his demand for the dismantling of Iran’s nuclear program and the removal of all enriched uranium from its territory, and would not sign a final agreement without these conditions being met.
This post has been updated with additional comments from Netanyahu.
Iran's nuclear program still at heart of confrontation with US
US President Donald Trump has consistently said that Iran cannot be allowed to have a nuclear weapon.
Indeed, the White House published an account on March 2 entitled “74 Times President Trump Has Made Clear That Iran Cannot Have a Nuclear Weapon.” He has reiterated that many times since.
To that end, US negotiators have sought severe limits on Iran’s ability to enrich uranium as well as the surrender of its existing stockpile of highly enriched uranium, estimated by the International Atomic Energy Agency (IAEA) at 408 kilograms of uranium enriched to 60% – close to weapons grade.
Iran has always maintained that it is not pursuing a nuclear weapon and, as a signatory to the nuclear non-proliferation treaty (NPT), has the right to enrich uranium for peaceful purposes.
Both in negotiations with the US last year and since the conflict began in February, Tehran has resisted long-term suspension of enrichment.
American negotiators proposed a 20-year pause last month, a source familiar with the discussions said. Iran responded with a proposal for a five-year suspension, which the US rejected, according to a US official.
Iran has also resisted sending its enriched uranium abroad, as the US has demanded, and state-linked Iranian media outlets have insisted that a potential document to end the war includes no commitment to hand over stockpiles and postpones nuclear negotiations until after the war ends.
Those negotiations were underway in February when the US and Israel began military strikes against Iran.
Pakistan and Qatar have become key conflict mediators
Pakistan has emerged as a key mediator between Tehran and Washington amid the tense regional conflict, relaying respective peace proposals and counterproposals between the two warring parties.
The country is well-placed to act as mediator given its cordial ties with both Iran and the United States, with Pakistan’s Army Chief Asim Munir – who US President Donald Trump has called his “favorite field marshal” – leading Islamabad’s efforts.
Pakistan is also home to the largest population of Shia Muslims outside of Iran and unlike Islamic countries in the Gulf region, does not host any US military bases.
Munir met Iran’s Foreign Minister Abbas Araghchi and the country’s chief negotiator Mohammad Ghalibaf in recent days to discuss “preventing escalation” and ending the war, according to Iran’s state news agency IRNA.
Meanwhile, officials from Qatar – a key US ally – also held talks in Tehran earlier this week to support the US in reaching a final deal with Iran, a source with knowledge of the visit told CNN.
Despite the Qatari visit, Iranian Foreign Ministry spokesperson Esmail Baghaei confirmed Pakistani officials would still serve as the official mediators. US Secretary of State Marco Rubio echoed this sentiment on Friday, saying that Pakistan continues to be “the primary interlocutor.”
Oman has also acted as a mediator between the US and Iran, notably as the host of US-Iran nuclear negotiations in Omani capital Muscat before the war broke out. Consultations between Iran and Oman to discuss the Strait of Hormuz are ongoing, Baghaei said earlier this week.
CNN’s Mitchell McCluskey, Mostafa Salem, Jennifer Hansler, Tim Lister and Sophia Saifi contributed reporting.
Johnson predicts Iran deal would bring gas prices down and be "a big thing" for midterms
House Speaker Mike Johnson said the deal with Iran that President Donald Trump is working to finalize will help bolster the GOP in this year’s midterm elections by lowering gas prices, which have skyrocketed since the war began.
“Yeah, it’s a big thing,” he told “Fox and Friends,” weighing in on the political implications of the potential agreement.
Johnson said Republican were hoping to let the economy “take off like a rocket” under the conditions established in Trump’s domestic policy package, which passed with only GOP votes last summer, “and then the Iran skirmish began.”
“So, when this settles out, gas prices come back down to earth, that means your grocery prices come down again because of transport costs and all the rest could be a big factor. The kitchen table issues are going to decide the midterms,” he added.
The Louisiana Republican said he spoke with the president on Saturday night, with Johnson adding he’s “very confident” that the deal will be successful in preventing Iran from developing a nuclear weapon.
Some context: Reopening the Strait of Hormuz, the critical waterway for international oil trade, may not result in an immediate drop in gas prices. Dr. Sultan Al Jaber, CEO of ADNOC, Abu Dhabi’s state oil company, said on Wednesday that full flows through the strait will not return until the first or second quarter of 2027. He noted that it would take at least four months to return oil flow to 80% of what it was before the conflict.
