President Trump left Middle East markets and allies in limbo Friday after meeting with advisers in the White House Situation Room without announcing a final decision on the Iran agreement. The region waited uneasily for clarity on whether the U.S.-Israeli military campaign would end, with Strait of Hormuz shipping routes at stake.

The proposed deal would trade Iran's blockade of the vital waterway for cessation of hostilities, though critical issues like Iran's nuclear program remain unresolved. Energy markets have reacted sharply to the Strait of Hormuz closure, with spiking gasoline prices fueling public dissatisfaction with the war effort. Many details stayed classified as officials briefed reporters anonymously on the sensitive negotiations.

Iranian officials dismissed reports of an imminent agreement, with Foreign Ministry spokesman Esmaeil Baghaei stating talks continue without reaching a final deal. Hard-liners like Mohsen Rezaei criticized Trump's approach as too demanding, while Iranian citizens expressed skepticism that any agreement would benefit ordinary people rather than the regime.

Defense Secretary Pete Hegseth downplayed deal expectations at a Singapore security conference, emphasizing that Trump wants only a "great deal" and insisting U.S. military stockpiles remain sufficient for further conflict. The uncertainty leaves energy traders and regional investors guessing whether Trump will accept a framework that defers major concessions.