President Trump kept the door open for a new Iran agreement while denying that high oil prices or the midterm race are forcing his hand. In a White House meeting, he dismissed claims that the Strait of Hormuz blockade was pressuring him, citing a recent Texas primary win as evidence of political insulation.

Trump also brushed off the link between soaring U.S. fuel costs and diplomatic urgency, saying the real priority is preventing Iran from acquiring a nuclear weapon. He warned that any deal must leave the Strait fully open, rejecting a joint Oman‑Iran control plan and stating the U.S. would monitor the waterway. The president forecast a sharp price decline.

The White House dismissed an Iranian television report claiming a draft framework would reopen the Strait and lift U.S. naval restrictions, calling it a fabrication. Trump noted that points such as shared control, troop withdrawals, and nuclear safeguards were unacceptable. Meanwhile, U.S. forces conducted defensive strikes in southern Iran after drone incursions, raising tensions in the region.

With Israel escalating attacks on Hezbollah in Lebanon and U.S. troops targeting Iranian missile sites, the diplomatic window narrows. Investors watching oil markets must note that any breakthrough could shift Gulf shipping costs and influence global supply chains. The administration’s current stance signals that strategic security concerns outweigh short‑term energy price relief.