• Trump announces Israel and Iran are seeking an immediate ceasefire, but a blockade remains until a final deal is reached.
  • Final negotiations on a comprehensive peace agreement are proceeding, with a focus on nuclear constraints and regional security.
  • Markets are watching for impacts on oil prices and shipping risks in the Strait of Hormuz.

Ceasefire Conditions

President Donald Trump said Thursday that Israel and Iran are seeking an immediate ceasefire, according to a statement released by the White House. However, he emphasized that a blockade on certain Iranian assets would remain in place until a final peace deal is concluded. “We’re making progress, but we’re not there yet,” a senior administration official said, speaking on condition of anonymity.

Diplomatic Push

The announcement comes amid a flurry of U.S.-led diplomacy aimed at reducing hostilities across multiple fronts, including Israel-Iran, Israel-Lebanon, and Gaza. According to people familiar with the matter, the talks are focusing on a phased approach: an initial ceasefire followed by intensive negotiations on Iran’s nuclear program and broader regional security guarantees. “Without a deal, we would be forced into a broader conflict,” the official added.

Market Implications

Energy markets are closely monitoring the developments. Brent crude oil futures edged lower on the news, trading around $72 per barrel, as traders weighed the potential for reduced geopolitical risk. Analysts caution that any final agreement would need to address enforcement mechanisms and sanctions relief. “The market is pricing in a modest risk premium,” said a commodities strategist. “A credible deal could see prices drop further.”

Regional Reactions

Reactions from regional capitals have been mixed. Israeli officials welcomed the prospect of a ceasefire but stressed that any final deal must include verifiable limits on Iran’s nuclear activities. “We have red lines,” a senior Israeli diplomat said. Meanwhile, Gulf states have privately expressed support for the U.S.-led initiative, according to regional sources. Iran’s foreign ministry did not immediately respond to a request for comment.

Next Steps

The White House said negotiations would continue in the coming days, with Trump expected to hold separate calls with Israeli and Iranian leaders. Aides caution that the process remains fragile. “We’re hopeful, but realistic,” the official said. “This is a marathon, not a sprint.”