Donald Trump stated that the United States will not release frozen Iranian funds as part of any nuclear deal, while separately asserting that most points of a potential agreement have been finalised. Talks are expected to continue over the weekend, though Tehran has not confirmed either claim. The disconnect between the two sides' public postures introduces meaningful uncertainty into the negotiating timeline. Frozen Iranian assets have historically been a central Iranian demand in nuclear diplomacy, making Trump's explicit refusal on that point a significant constraint on deal architecture. If Tehran insists on fund releases as a precondition, the gap between stated positions could stall or collapse talks that Trump suggests are near completion. The weekend timeline, if accurate, would compress the window for Iranian officials to respond publicly and align messaging. Investors and energy markets tracking potential sanctions relief on Iranian oil exports will now need to price in a harder US stance on financial concessions, which reduces the probability of a near-term comprehensive agreement.
Qatar's foreign ministry said mediators including Qatar, Pakistan, and Oman have reached "very progressive stages" in efforts to end the US-Iran war, pushing Brent crude down more than four percent.
Qatar confirmed it is mediating between the US and Iran but said no direct talks are currently planned. The clarification follows conflicting statements from President Trump, who claimed talks are under way, and Tehran, which denied any dialogue is happening.
Saudi Aramco reported sharply higher second-quarter 2026 profits as the Iran war restricts global oil supply and pushes crude prices up. Other oil supermajors also posted outsized earnings, raising concerns about sustained fuel cost pressure for importing economies.
President Trump called current Iran negotiations the "last chance" to end five months of conflict, pushing oil prices higher. Tehran denied formal talks are taking place, raising the risk of a diplomatic breakdown with direct consequences for global energy markets.