Iran says no final deal reached with U.S. as ceasefire talks continue

Investing.com -- Iran said on Friday that no final agreement has been reached with the United States, pushing back against comments from President Donald Trump suggesting a deal could be close, according to Al Jazeera.

Iranian Foreign Ministry spokesperson Esmaeil Baghaei said Tehran remains focused on ending the conflict and that negotiations over its nuclear program have not yet been finalized.

The comments came after Trump outlined conditions for a potential agreement, including reopening the Strait of Hormuz and restrictions on Iran’s nuclear activities.

The remarks highlighted continued uncertainty around negotiations, even as both sides have signaled progress toward extending a ceasefire that has largely held since April.

The Strait of Hormuz remains a key focus for markets. The waterway handles roughly a fifth of global oil flows and is a critical route for crude exports from the Middle East. Any disruption to traffic through the channel could affect global energy supplies and commodity prices.

The UK Maritime Trade Operations agency warned on Friday that the U.S. military blockade of Iranian ports remains in effect, restricting inbound and outbound traffic. The agency also advised commercial vessels transiting the region to remain alert to military communications and operations.

U.S. Treasury Secretary Scott Bessent said any easing of restrictions on Iran would occur gradually. Bessent also said U.S. authorities had seized $1 billion in Iranian cryptocurrency assets as part of Washington’s economic campaign against Tehran.

Meanwhile, U.S. Vice President JD Vance said Washington and Tehran had made significant progress toward a ceasefire extension agreement, although disagreements remain over Iran’s enriched uranium stockpile.

A senior Iranian source, separately cited by Reuters, said the two sides had reached a "political understanding," though no final agreement had been reached.

Iranian media also disputed several elements of Trump’s proposed framework, including claims related to Iran’s nuclear materials and shipping arrangements in the Strait of Hormuz.

The International Energy Agency, International Monetary Fund, World Bank, and World Trade Organization warned that continued disruptions to shipping flows through the Strait of Hormuz could increase risks to fuel security, market conditions, and broader economic resilience.

Investors are now awaiting any formal announcement from the White House after Trump met with senior national security officials to discuss the potential agreement.