• The former president downplays immediate prospects for a formal peace agreement with Iran.
  • Trump emphasizes that negotiations are still in early stages, with no final deal imminent.
  • The comments come amid heightened tensions and diplomatic efforts to de-escalate.

Trump Cautious on Iran Deal Timeline

Former President Donald Trump told the New York Post that it is "too soon" to prepare for a signing ceremony with Iran, pushing back against speculation that a peace deal is near. "We're making progress, but there's a long way to go," Trump said in an interview on Wednesday. The remarks come as indirect talks between the U.S. and Iran continue via mediators, with both sides signaling willingness to negotiate but remaining far apart on key issues.

According to people familiar with the matter, discussions have focused on a potential interim agreement that would see Iran halt some nuclear activities in exchange for limited sanctions relief. However, Trump's comments suggest that a comprehensive accord is not imminent. "You don't just walk in and sign a piece of paper," he added. "There are a lot of details to work out."

Background and Market Reaction

The Trump administration has maintained a maximum pressure campaign on Iran, but recent diplomatic overtures have raised hopes for a thaw. Oil prices dipped slightly on Thursday following Trump's cautious tone, as traders reassessed the likelihood of near-term sanctions relief. West Texas Intermediate crude fell 0.8% to $78.50 a barrel.

Iranian officials have yet to respond directly to Trump's remarks. The State Department declined to comment on ongoing negotiations. A senior administration official, speaking on condition of anonymity, said that "no deal is done until it's done" but added that "progress is being made."

Implications for Regional Stability

The delay in any formal agreement underscores the complexity of the negotiations. Iran has demanded a full lifting of sanctions, while the U.S. insists on verifiable limits to Iran's nuclear program. Regional stakeholders, including Israel and Gulf states, are watching closely. "Any deal would have significant implications for security in the Middle East," said a former U.S. diplomat familiar with the talks.

Trump's comments indicate that a signature event is not in the cards for the near future, but diplomacy continues. As one analyst put it, "We're in a period of cautious optimism, but the path forward is still unclear."

*Correction: A previous version of this article misstated the day of Trump's interview. It was Wednesday, not Tuesday.