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Thursday 28 May 2026

Reported terms of US-Iran draft deal would be staggering failure for Trump

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Tehran and Washington appear to be edging closer to a peace deal, which Iranian state television said could restore commercial shipping in the Strait of Hormuz within a month. The US, for its part, would lift its naval blockade and withdraw militarily from the area. Trump may claim this as a victory, but decidedly it is not. According to reports about the unofficial draft deal, Iran would maintain traffic through the strait, which was open before the US invasion. Tehran can also only do so much to restore shipping to pre-war levels. Insurance premiums and ongoing fears of future strikes may still mean it is commercially unviable to use the channel. State media has an interest in the deal sounding good for Iran so for now its details should be taken with a pinch of salt. There was no mention of progress on nuclear non-proliferation.

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