• President Donald Trump announced plans for a news conference on the Iran deal, signaling a potential pivot in U.S. policy.
  • The conference, expected within days, may outline new U.S. demands for nuclear oversight and sanctions relief.
  • Oil markets are on alert as any deal could affect global supply and prices, with Iran’s output a key factor.

A Turning Point in Iran Negotiations

President Donald Trump said he will hold a news conference on the Iran nuclear deal, according to a brief statement from the White House on Wednesday. The announcement comes amid stalled talks in Vienna and growing pressure from both hawks and moderates within the administration. A person familiar with the matter said the president will likely use the event to issue an ultimatum to Iran, demanding stricter verification measures and a halt to ballistic missile development.

Trump’s move follows weeks of backchannel discussions with European allies, who have urged a diplomatic solution. However, without a deal, the administration may revert to a “maximum pressure” campaign, reimposing sanctions that were eased under the 2015 accord. “We’re at a critical juncture,” said a senior administration official, speaking on condition of anonymity. “The president wants to make clear that time is running out.”

Market and Geopolitical Implications

Oil markets reacted nervously to the news, with Brent crude futures rising 1.2% to $78.50 a barrel on Thursday morning. Analysts warn that a collapse in talks could tighten supply, especially if Iran retaliates by disrupting shipping in the Strait of Hormuz. Conversely, a breakthrough might flood the market with Iranian crude, pushing prices lower.

Investors are also eyeing the impact on regional stability. Iran’s economy, already hit by inflation and sanctions, could face further strain. The news conference is expected to include a detailed timeline for Iran to comply, with consequences including snapback UN sanctions. Trump has not commented on the content of his remarks, but a White House spokesperson said he would take questions from reporters.

Attempts to reach the Iranian mission to the UN for comment were not immediately successful.

Correction: An earlier version of this article misstated the timing of the news conference. It is scheduled for next week, not today.