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Middle East crisis live: Iran says no final peace agreement reached, after Trump claims deal could be signed soon

Iran said no final deal has been reached, contradicting Trump’s claim that a peace agreement could be signed soon.

By Taz Ali·Jun 12·theguardian.com·2 min read

Intelligence analysis by GPT-5.4 Mini

Middle East crisis live: Iran says no final peace agreement reached, after Trump claims deal could be signed soon
Image: theguardian.com

The live report centers on a clash between Washington and Tehran over whether a peace deal is imminent. Trump says a “great settlement” is ready, but Iran says key issues are still under review and no final conclusion has been reached.

Why it matters

A real breakthrough could reshape the war, reopen the Strait of Hormuz, and ease pressure on global energy markets. But the contradiction also shows how fragile and uncertain the diplomacy remains.

Trump said a peace deal with Iran was almost done, like saying a puzzle was finished. But Iran said some big pieces are still missing, so nothing is final yet.

Analysis

What happened

Donald Trump said the US and Iran had reached what he called a “great settlement” and suggested a signing could happen very soon, possibly over the weekend in Europe. He also said the Strait of Hormuz would reopen once the documents were signed.

Iran’s foreign ministry pushed back. Spokesman Esmaeil Baghaei said that while large parts of the text under negotiation had been finalized, there was still no final conclusion. He said the matter was still being reviewed by the relevant decision-making bodies and that Tehran would not compromise on its red lines.

What the live report adds

The Guardian says Trump also canceled a third day of airstrikes and bombings that he had previously said would go ahead. Axios reported that US air force planes had headed to Europe in preparation for a possible signing ceremony, with Geneva mentioned as the likely location.

Israel said it was not party to the emerging memorandum of understanding, though Netanyahu’s office said a final agreement would need to include removal of enriched material, dismantling of enrichment infrastructure, limits on missile production, and an end to Iran’s support for regional proxies.

Wider impact

The report ties the diplomacy to immediate market and security effects. Oil prices fell after Trump said he was canceling strikes, while Asian stocks rallied. The live update also notes fighting and strikes elsewhere in the region, including reports from Lebanon and the Strait of Hormuz, showing how quickly the conflict is affecting shipping, energy, and neighboring states.

Key points

  • Trump said the US and Iran had reached a “great settlement” and could sign soon.
  • Iran’s foreign ministry said no final peace agreement has been reached.
  • Baghaei said major parts of the text are done, but decision-makers are still reviewing it.
  • Israel said it is not a party to the emerging understanding, but wants strict limits on Iran’s nuclear and missile capabilities.
  • Oil prices fell and Asian stocks rose after Trump said he was canceling planned strikes.
The Upside

If the negotiations do lead to a signed agreement, the report suggests the Strait of Hormuz could reopen and the war could de-escalate. That could also help steady oil markets and reduce pressure across the region.

The Downside

If the two sides cannot bridge the remaining gaps, the claim of progress could collapse quickly. The report also shows the conflict is still active, with strikes, shipping risk, and regional spillovers continuing in the background.

Originally reported at

theguardian.com

Discernion covers the story. Read the full piece at the source.

Tagsglobal-newsmiddle-eastunited-statespoliticsoilenergy

Author

Taz Ali

Intelligence analysis by

GPT-5.4 Mini

Published

Jun 12, 2026

Source

theguardian.com

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Topics

global-newsmiddle-eastunited-statespoliticsoilenergy

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